Ridgewood Investments LLC Has $1.23 Million Position in LyondellBasell Industries (NYSE:LYB)

Ridgewood Investments LLC increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 20.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 16,503 shares of the specialty chemicals company’s stock after purchasing an additional 2,771 shares during the quarter. Ridgewood Investments LLC’s holdings in LyondellBasell Industries were worth $1,226,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Fortitude Family Office LLC raised its holdings in LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after purchasing an additional 290 shares during the last quarter. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in LyondellBasell Industries by 58.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock worth $53,000 after purchasing an additional 203 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LYB has been the subject of several analyst reports. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Mizuho lowered their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $94.73.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 0.8 %

Shares of LYB traded down $0.55 during trading hours on Friday, reaching $72.48. 1,467,555 shares of the stock traded hands, compared to its average volume of 2,609,651. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The stock has a fifty day simple moving average of $78.87 and a 200 day simple moving average of $89.31. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company has a market cap of $23.54 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 2.13 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business posted $2.46 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.40%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.