TCG Advisory Services LLC Takes $226,000 Position in LyondellBasell Industries (NYSE:LYB)

TCG Advisory Services LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 2,378 shares of the specialty chemicals company’s stock, valued at approximately $226,000.

Several other hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries during the third quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the third quarter worth $26,000. McIlrath & Eck LLC raised its position in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares during the period. Venturi Wealth Management LLC lifted its stake in LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares in the last quarter. Finally, Webster Bank N. A. increased its holdings in LyondellBasell Industries by 7,050.0% in the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after purchasing an additional 423 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LYB. Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Barclays lifted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, Mizuho lifted their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.75.

Insider Transactions at LyondellBasell Industries

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The shares were 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 of the company’s stock, valued at approximately $2,770,460.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 in the last quarter. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded up $0.84 during trading on Monday, reaching $99.96. The company had a trading volume of 199,906 shares, compared to its average volume of 1,905,630. The firm has a market capitalization of $32.55 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The firm’s 50-day simple moving average is $101.07 and its 200 day simple moving average is $96.74.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly 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 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business earned $2.50 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

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.