Forsta AP Fonden Has $11.85 Million Position in LyondellBasell Industries (NYSE:LYB)

Forsta AP Fonden raised its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 18.6% in the 4th quarter, HoldingsChannel reports. The firm owned 159,600 shares of the specialty chemicals company’s stock after buying an additional 25,000 shares during the period. Forsta AP Fonden’s holdings in LyondellBasell Industries were worth $11,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. CVA Family Office LLC lifted its position in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co bought a new position in shares of LyondellBasell Industries during the third quarter worth approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Webster Bank N. A. boosted its stake in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on LYB. Mizuho cut their price objective 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. Morgan Stanley reduced their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $94.33.

LyondellBasell Industries Price Performance

LYB opened at $76.04 on Friday. The stock has a market capitalization of $24.69 billion, a P/E ratio of 11.57, a PEG ratio of 5.07 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The stock has a 50-day moving average price of $76.76 and a 200-day moving average price of $87.49.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts predict that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.05%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

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.