First Horizon Advisors Inc. Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

First Horizon Advisors Inc. boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,364 shares of the specialty chemicals company’s stock after purchasing an additional 11,569 shares during the period. LyondellBasell Industries comprises 0.9% of First Horizon Advisors Inc.’s holdings, making the stock its 27th largest position. First Horizon Advisors Inc. owned approximately 0.09% of LyondellBasell Industries worth $26,277,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Coombe Bender & Co LLC lifted its position in shares of LyondellBasell Industries by 6.1% during the 4th quarter. Coombe Bender & Co LLC now owns 24,316 shares of the specialty chemicals company’s stock valued at $2,312,000 after buying an additional 1,406 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at $229,000. McIlrath & Eck LLC lifted its position in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of LyondellBasell Industries by 21.2% during the 4th quarter. First Trust Direct Indexing L.P. now owns 8,425 shares of the specialty chemicals company’s stock valued at $801,000 after buying an additional 1,474 shares during the last quarter. Finally, New York Life Investment Management LLC lifted its position in shares of LyondellBasell Industries by 0.6% during the 4th quarter. New York Life Investment Management LLC now owns 40,192 shares of the specialty chemicals company’s stock valued at $3,821,000 after buying an additional 257 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock worth $8,077,267. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $0.64 during trading on Thursday, hitting $98.88. 620,651 shares of the stock traded hands, compared to its average volume of 1,918,693. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The stock has a market cap of $32.20 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.26 and a beta of 1.18. The firm’s fifty day moving average is $101.07 and its 200-day moving average is $96.65. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.50 EPS. Research analysts expect that LyondellBasell Industries will post 8.49 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 5.06%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Wall Street Analyst Weigh In

LYB has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday. Barclays boosted their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average price target of $104.75.

About LyondellBasell Industries

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.