RiverPark Advisors LLC cut its holdings in LyondellBasell Industries NV (NYSE:LYB) by 13.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,800 shares of the specialty chemicals company’s stock after selling 3,000 shares during the period. RiverPark Advisors LLC’s holdings in LyondellBasell Industries were worth $2,184,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $109,000. TCI Wealth Advisors Inc. lifted its holdings in LyondellBasell Industries by 229.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock valued at $112,000 after acquiring an additional 708 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in LyondellBasell Industries by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $134,000. Finally, Oakworth Capital Inc. lifted its holdings in LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares during the last quarter. Hedge funds and other institutional investors own 75.15% of the company’s stock.
Shares of LyondellBasell Industries NV (NYSE LYB) opened at $112.28 on Monday. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $121.95. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.57 and a current ratio of 2.46. The firm has a market capitalization of $44,300.78, a price-to-earnings ratio of 10.99, a PEG ratio of 1.16 and a beta of 1.12.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, March 5th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.56%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is currently 32.65%.
A number of analysts have issued reports on the company. ValuEngine raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Citigroup boosted their target price on LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research report on Monday, February 5th. Vertical Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 target price (up previously from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $108.24.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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