Unique Wealth Strategies LLC Invests $683,000 in LyondellBasell Industries (NYSE:LYB)

Unique Wealth Strategies LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,179 shares of the specialty chemicals company’s stock, valued at approximately $683,000.

Several other large investors have also recently bought and sold shares of LYB. Czech National Bank lifted its position in LyondellBasell Industries by 49.0% in the third quarter. Czech National Bank now owns 44,763 shares of the specialty chemicals company’s stock worth $4,239,000 after purchasing an additional 14,712 shares during the period. Ballentine Partners LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $228,000. Valeo Financial Advisors LLC increased its stake in LyondellBasell Industries by 6.8% in the third quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company’s stock valued at $540,000 after acquiring an additional 365 shares during the period. Golden State Equity Partners raised its position in LyondellBasell Industries by 11.2% in the third quarter. Golden State Equity Partners now owns 5,877 shares of the specialty chemicals company’s stock worth $557,000 after purchasing an additional 594 shares in the last quarter. Finally, My Legacy Advisors LLC lifted its stake in LyondellBasell Industries by 7.0% during the third quarter. My Legacy Advisors LLC now owns 9,129 shares of the specialty chemicals company’s stock worth $847,000 after purchasing an additional 600 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 2.5 %

LyondellBasell Industries stock traded up $2.45 during midday trading on Friday, hitting $102.13. 2,651,865 shares of the stock were exchanged, compared to its average volume of 1,436,825. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $33.24 billion, a PE ratio of 15.79, a P/E/G ratio of 1.25 and a beta of 1.19. The company has a fifty day simple moving average of $100.87 and a two-hundred day simple moving average of $96.50.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same period last year, the firm posted $2.50 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LYB shares. Wolfe Research initiated coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating for the company. Citigroup increased their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 10th. JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $103.82.

Insiders Place Their Bets

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 over the last ninety days. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Company 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.