WealthPLAN Partners LLC acquired a new position in LyondellBasell Industries (NYSE:LYB – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 542 shares of the specialty chemicals company’s stock, valued at approximately $51,000.
Several other institutional investors have also recently bought and sold shares of LYB. Charles Schwab Investment Management Inc. raised its position in LyondellBasell Industries by 205.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock worth $458,010,000 after purchasing an additional 2,995,335 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of LyondellBasell Industries by 170.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,331,033 shares of the specialty chemicals company’s stock valued at $276,576,000 after acquiring an additional 2,099,644 shares during the last quarter. Federated Hermes Inc. raised its position in shares of LyondellBasell Industries by 93.4% during the 1st quarter. Federated Hermes Inc. now owns 3,996,089 shares of the specialty chemicals company’s stock valued at $375,193,000 after acquiring an additional 1,929,692 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 39.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,576,479 shares of the specialty chemicals company’s stock valued at $213,925,000 after acquiring an additional 730,986 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of LyondellBasell Industries by 91.7% during the 1st quarter. First Trust Advisors LP now owns 1,227,127 shares of the specialty chemicals company’s stock valued at $126,173,000 after acquiring an additional 586,864 shares during the last quarter. Institutional investors own 70.58% of the company’s stock.
Insider Transactions at LyondellBasell Industries
In other news, major shareholder Ai Investments Holdings Llc sold 483 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $99.61, for a total transaction of $48,111.63. Following the completion of the transaction, the insider now directly owns 765,996 shares in the company, valued at approximately $76,300,861.56. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.12% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Report on LyondellBasell Industries
LyondellBasell Industries Price Performance
Shares of NYSE LYB opened at $97.39 on Monday. The firm has a market cap of $31.57 billion, a PE ratio of 15.12, a PEG ratio of 2.51 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. LyondellBasell Industries has a 1-year low of $71.46 and a 1-year high of $101.30. The company has a fifty day moving average price of $93.34 and a 200 day moving average price of $92.85.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.14. LyondellBasell Industries had a net margin of 4.92% and a return on equity of 21.31%. The company had revenue of $10.31 billion during the quarter, compared to the consensus estimate of $10.79 billion. During the same period in the prior year, the business posted $5.19 EPS. The company’s quarterly revenue was down 30.5% on a year-over-year basis. Research analysts predict that LyondellBasell Industries will post 8.09 earnings per share for the current fiscal year.
LyondellBasell Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 28th will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Friday, August 25th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.13%. LyondellBasell Industries’s dividend payout ratio is 77.64%.
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.
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