Sowell Financial Services LLC Acquires Shares of 17,666 LyondellBasell Industries (NYSE:LYB)

Sowell Financial Services LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,666 shares of the specialty chemicals company's stock, valued at approximately $1,312,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth about $31,000. Webster Bank N. A. lifted its position in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries during the 4th quarter worth about $37,000. Finally, Brooklyn Investment Group bought a new position in shares of LyondellBasell Industries during the third quarter valued at $60,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of several analyst reports. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. UBS Group cut their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $88.25.

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Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

NYSE LYB traded up $1.63 during mid-day trading on Friday, hitting $74.24. The stock had a trading volume of 1,941,921 shares, compared to its average volume of 2,069,152. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm's 50 day moving average is $76.05 and its 200 day moving average is $83.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Equities research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

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.