Bessemer Group Inc. Has $1.44 Million Stake in LyondellBasell Industries (NYSE:LYB)

Bessemer Group Inc. reduced its holdings in LyondellBasell Industries (NYSE:LYB) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,358 shares of the specialty chemicals company’s stock after selling 1,137 shares during the period. Bessemer Group Inc.’s holdings in LyondellBasell Industries were worth $1,439,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Webster Bank N. A. raised its holdings in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in shares of LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at $59,000. Finally, Crews Bank & Trust acquired a new position in LyondellBasell Industries during the fourth quarter worth $85,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 1.1 %

Shares of LYB stock opened at $57.50 on Tuesday. The stock has a market cap of $18.60 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a 50 day simple moving average of $71.15 and a 200 day simple moving average of $78.07.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business earned $1.26 EPS. On average, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.32%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LYB. UBS Group restated a “sell” rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Barclays dropped their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 1st. Morgan Stanley reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $76.50.

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.