Jefferies Group LLC acquired a new stake in shares of LyondellBasell Industries NV (NYSE:LYB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 17,635 shares of the specialty chemicals company’s stock, valued at approximately $1,945,000.
A number of other hedge funds have also recently bought and sold shares of LYB. Fieldpoint Private Securities LLC bought a new position in LyondellBasell Industries during the third quarter valued at $109,000. TCI Wealth Advisors Inc. grew its holdings in shares of 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 worth $112,000 after purchasing an additional 708 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of LyondellBasell Industries by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $134,000. Finally, Oakworth Capital Inc. grew its holdings in shares of LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 501 shares during the last quarter. Institutional investors and hedge funds own 75.15% of the company’s stock.
LyondellBasell Industries NV (NYSE LYB) opened at $110.34 on Wednesday. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. LyondellBasell Industries NV has a 1-year low of $78.01 and a 1-year high of $121.95. The stock has a market cap of $43,850.98, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.63%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio is presently 32.65%.
A number of research analysts have recently commented on LYB shares. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Monday, December 18th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Tuesday, January 9th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the stock a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo & Co restated an “outperform” rating and issued a $125.00 price target (up from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $108.24.
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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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