Duality Advisers LP Invests $763,000 in LyondellBasell Industries (NYSE:LYB)

Duality Advisers LP purchased a new position in LyondellBasell Industries (NYSE:LYB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,128 shares of the specialty chemicals company’s stock, valued at approximately $763,000.

A number of other hedge funds also recently bought and sold shares of LYB. Compass Wealth Management LLC bought a new position in LyondellBasell Industries during the fourth quarter valued at $25,000. Community Bank N.A. purchased a new stake in LyondellBasell Industries in the 1st quarter worth about $28,000. Delta Asset Management LLC TN purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV grew its stake in shares of LyondellBasell Industries by 109.8% during the first quarter. Massmutual Trust Co. FSB ADV now owns 363 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 190 shares during the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE LYB opened at $100.04 on Monday. LyondellBasell Industries has a 12-month low of $71.46 and a 12-month high of $102.04. The firm’s fifty day simple moving average is $96.72 and its two-hundred day simple moving average is $93.01. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $32.43 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.56 and a beta of 1.21.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.14. The company had revenue of $10.31 billion for the quarter, compared to analyst estimates of $10.79 billion. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. The firm’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same period in the prior year, the company posted $5.19 EPS. Analysts forecast that LyondellBasell Industries will post 8.06 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Friday, August 25th. LyondellBasell Industries’s dividend payout ratio is presently 77.64%.

Analysts Set New Price Targets

Several equities analysts have commented on LYB shares. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. BMO Capital Markets boosted their price objective on shares of LyondellBasell Industries from $102.00 to $104.00 in a research report on Thursday, June 1st. SpectralCast reaffirmed a “maintains” rating on shares of LyondellBasell Industries in a research report on Thursday, June 29th. Barclays lowered their price target on LyondellBasell Industries from $100.00 to $95.00 in a report on Tuesday, July 11th. Finally, Piper Sandler reduced their price objective on LyondellBasell Industries from $113.00 to $108.00 in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $100.06.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 483 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the transaction, the insider now directly owns 765,996 shares of the company’s stock, valued at approximately $76,300,861.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Jeffrey A. Kaplan sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total transaction of $975,600.00. Following the completion of the transaction, the executive vice president now directly owns 49,876 shares in the company, valued at $4,865,902.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ai Investments Holdings Llc sold 483 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the sale, the insider now directly owns 765,996 shares in the company, valued at $76,300,861.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

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.