Parkside Financial Bank & Trust Increases Holdings in LyondellBasell Industries (NYSE:LYB)

Parkside Financial Bank & Trust raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 57.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 509 shares of the specialty chemicals company’s stock after buying an additional 186 shares during the quarter. Parkside Financial Bank & Trust’s holdings in LyondellBasell Industries were worth $48,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. raised its stake in LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after buying an additional 935,430 shares during the last quarter. Invesco Ltd. raised its stake in LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after buying an additional 815,083 shares during the last quarter. FMR LLC raised its stake in LyondellBasell Industries by 10.3% during the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after buying an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in LyondellBasell Industries during the third quarter valued at $67,160,000. Finally, Bank of Nova Scotia raised its stake in shares of LyondellBasell Industries by 3,162.5% in the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock worth $58,170,000 after purchasing an additional 595,431 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LYB shares. Wolfe Research started coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. JPMorgan Chase & Co. boosted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Citigroup boosted their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $102.17 on Friday. The business has a fifty day moving average of $100.87 and a 200 day moving average of $96.48. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The firm has a market capitalization of $33.25 billion, a P/E ratio of 15.79, a PEG ratio of 1.22 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.89%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

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.