Walled Lake Planning & Wealth Management LLC Makes New $3.04 Million Investment in LyondellBasell Industries (NYSE:LYB)

Walled Lake Planning & Wealth Management LLC acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 40,904 shares of the specialty chemicals company’s stock, valued at approximately $3,038,000.

A number of other large investors also recently modified their holdings of LYB. Thrivent Financial for Lutherans lifted its holdings in shares of LyondellBasell Industries by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company’s stock worth $1,659,000 after acquiring an additional 559 shares during the last quarter. Townsquare Capital LLC lifted its stake in shares of LyondellBasell Industries by 37.8% in the 3rd quarter. Townsquare Capital LLC now owns 45,193 shares of the specialty chemicals company’s stock valued at $4,334,000 after acquiring an additional 12,408 shares during the last quarter. Bridgewater Associates LP purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $2,491,000. Glenmede Trust Co. NA boosted its position in LyondellBasell Industries by 3.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 11,628 shares of the specialty chemicals company’s stock valued at $1,115,000 after buying an additional 423 shares during the period. Finally, Public Sector Pension Investment Board increased its holdings in LyondellBasell Industries by 19.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock valued at $1,082,000 after purchasing an additional 1,800 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Down 1.6 %

LyondellBasell Industries stock opened at $69.81 on Friday. LyondellBasell Industries has a 12 month low of $69.74 and a 12 month high of $107.02. The stock has a fifty day simple moving average of $75.58 and a two-hundred day simple moving average of $81.20. 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 firm has a market cap of $22.58 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $1.26 earnings per share. Equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Mizuho lowered their target price 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. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.25.

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.