LyondellBasell Industries (NYSE:LYB) Shares Acquired by Soltis Investment Advisors LLC

Soltis Investment Advisors LLC increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 106.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 73,072 shares of the specialty chemicals company's stock after purchasing an additional 37,744 shares during the period. Soltis Investment Advisors LLC's holdings in LyondellBasell Industries were worth $5,427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. CVA Family Office LLC lifted its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 159 shares in the last quarter. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Fortitude Family Office LLC lifted its holdings in LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Performance

LYB traded up $0.38 on Thursday, hitting $76.27. 1,891,741 shares of the company's stock were exchanged, compared to its average volume of 2,783,953. The firm has a market cap of $24.77 billion, a PE ratio of 18.42, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock has a fifty day moving average of $75.61 and a two-hundred day moving average of $86.06. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, research analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.03%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Analyst Ratings Changes

A number of brokerages have commented on LYB. Barclays cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Piper Sandler cut their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average price target of $88.25.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.