First Trust Direct Indexing L.P. Has $801,000 Holdings in LyondellBasell Industries (NYSE:LYB)

First Trust Direct Indexing L.P. lifted its stake in LyondellBasell Industries (NYSE:LYB) by 21.2% during the 4th quarter, HoldingsChannel reports. The fund owned 8,425 shares of the specialty chemicals company’s stock after buying an additional 1,474 shares during the period. First Trust Direct Indexing L.P.’s holdings in LyondellBasell Industries were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Valley National Advisers Inc. acquired a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $26,000. Venturi Wealth Management LLC raised its stake in shares of LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 242 shares in the last quarter. Webster Bank N. A. lifted its position in LyondellBasell Industries by 7,050.0% in the fourth quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 423 shares during the period. Finally, Bruce G. Allen Investments LLC acquired a new stake in LyondellBasell Industries during the fourth quarter worth $45,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $99.12 on Friday. The business has a fifty day moving average of $101.07 and a 200-day moving average of $96.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The firm has a market cap of $32.28 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The company’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LYB shares. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. BMO Capital Markets increased their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Mizuho lifted their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Wells Fargo & Company increased their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.75.

Insiders Place Their Bets

In other news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries 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.