Geneos Wealth Management Inc. Purchases 804 Shares of LyondellBasell Industries (NYSE:LYB)

Posted by Defense World Staff on Apr 16th, 2023

Geneos Wealth Management Inc. lifted its position in LyondellBasell Industries (NYSE:LYB – Get Rating) by 37.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,968 shares of the specialty chemicals company’s stock after acquiring an additional 804 shares during the period. Geneos Wealth Management Inc.’s holdings in LyondellBasell Industries were worth $246,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LYB. Blair William & Co. IL grew its stake in shares of LyondellBasell Industries by 1.0% in the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after buying an additional 107 shares during the last quarter. Covestor Ltd grew its stake in shares of LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 113 shares during the last quarter. Naples Global Advisors LLC grew its stake in shares of LyondellBasell Industries by 1.5% in the 4th quarter. Naples Global Advisors LLC now owns 8,336 shares of the specialty chemicals company’s stock worth $692,000 after buying an additional 120 shares during the last quarter. Heron Financial Group LLC grew its stake in shares of LyondellBasell Industries by 0.6% in the 3rd quarter. Heron Financial Group LLC now owns 20,193 shares of the specialty chemicals company’s stock worth $1,520,000 after buying an additional 125 shares during the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Fifth Third Bancorp now owns 14,156 shares of the specialty chemicals company’s stock worth $1,175,000 after buying an additional 127 shares during the last quarter. Institutional investors own 91.12% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $96.85 on Friday. LyondellBasell Industries has a one year low of $71.46 and a one year high of $117.22. The stock’s fifty day moving average is $93.79 and its 200 day moving average is $87.77. The stock has a market cap of $31.52 billion, a P/E ratio of 8.21, a P/E/G ratio of 1.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.75.

LyondellBasell Industries (NYSE:LYB – Get Rating) last announced its earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.20. LyondellBasell Industries had a return on equity of 32.96% and a net margin of 7.71%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $10.73 billion. During the same period last year, the firm earned $3.63 EPS. LyondellBasell Industries’s revenue for the quarter was down 20.5% compared to the same quarter last year. Sell-side analysts anticipate that LyondellBasell Industries will post 9.14 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, March 3rd. This represents a $4.76 dividend on an annualized basis and a yield of 4.91%. LyondellBasell Industries’s dividend payout ratio is presently 40.34%.

Analysts Set New Price Targets

Several analysts have commented on the company. Mizuho increased their target price on LyondellBasell Industries from $89.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, February 6th. UBS Group increased their target price on LyondellBasell Industries from $81.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, January 11th. Piper Sandler upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $118.00 target price on the stock in a research note on Tuesday, April 11th. Credit Suisse Group upgraded LyondellBasell Industries from an “underperform” rating to an “outperform” rating and set a $109.00 target price on the stock in a research note on Monday, February 6th. Finally, StockNews.com assumed coverage on LyondellBasell Industries in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $99.21.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $98.99, for a total transaction of $989,900.00. Following the sale, the executive vice president now directly owns 47,600 shares of the company’s stock, valued at $4,711,924. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

LyondellBasell Industries Company Profile

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LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.