Meadow Creek Investment Management LLC boosted its holdings in LyondellBasell Industries NV (NYSE:LYB) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,260 shares of the specialty chemicals company’s stock after purchasing an additional 4,956 shares during the period. Meadow Creek Investment Management LLC’s holdings in LyondellBasell Industries were worth $10,951,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. TCI Wealth Advisors Inc. boosted 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 purchasing an additional 708 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in LyondellBasell Industries in the third quarter valued at about $109,000. CENTRAL TRUST Co boosted 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 purchasing an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in LyondellBasell Industries in the fourth quarter valued at about $134,000. Finally, Oakworth Capital Inc. boosted 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 purchasing an additional 501 shares during the last quarter. 75.15% of the stock is owned by hedge funds and other institutional investors.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $110.34 on Wednesday. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $121.95. The stock has a market capitalization of $43,850.98, a P/E ratio of 9.01, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, March 2nd. 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. LyondellBasell Industries’s dividend payout ratio is presently 32.65%.
A number of research analysts recently commented on LYB shares. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, December 18th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Tuesday, January 9th. Vertical Research downgraded 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 LyondellBasell Industries and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price target (up previously 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 given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $108.24.
LyondellBasell Industries 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.
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.