Headlands Technologies LLC Buys Shares of 4,042 LyondellBasell Industries (NYSE:LYB)

Headlands Technologies LLC purchased a new stake in LyondellBasell Industries (NYSE:LYB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 4,042 shares of the specialty chemicals company’s stock, valued at approximately $384,000.

Several other hedge funds also recently made changes to their positions in the stock. Mutual Advisors LLC grew its position in shares of LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares in the last quarter. Czech National Bank grew its position in shares of LyondellBasell Industries by 0.3% in the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock valued at $4,267,000 after purchasing an additional 116 shares in the last quarter. Cambridge Trust Co. grew its position in shares of LyondellBasell Industries by 26.0% in the third quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 117 shares in the last quarter. Cowa LLC grew its position in shares of LyondellBasell Industries by 3.7% in the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 117 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its position in shares of LyondellBasell Industries by 2.0% in the third quarter. First Trust Direct Indexing L.P. now owns 6,951 shares of the specialty chemicals company’s stock valued at $658,000 after purchasing an additional 134 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Wednesday, January 10th. Barclays boosted their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Wolfe Research began coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Royal Bank of Canada restated an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $103.82.

LyondellBasell Industries Trading Up 2.5 %

NYSE LYB opened at $102.13 on Friday. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average of $100.87 and a 200-day moving average of $96.50. The firm has a market cap of $33.24 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the previous year, the company posted $2.50 EPS. LyondellBasell Industries’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Insider Activity

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,853 shares of company stock valued at $8,077,267. Insiders own 0.11% of the company’s stock.

About LyondellBasell Industries

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.