Park Place Capital Corp Has $195,000 Stake in LyondellBasell Industries (NYSE:LYB)

Park Place Capital Corp reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 44.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 2,622 shares of the specialty chemicals company’s stock after selling 2,078 shares during the quarter. Park Place Capital Corp’s holdings in LyondellBasell Industries were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Viking Fund Management LLC boosted its position in LyondellBasell Industries by 2,766.7% during the 4th quarter. Viking Fund Management LLC now owns 43,000 shares of the specialty chemicals company’s stock worth $3,194,000 after acquiring an additional 41,500 shares during the last quarter. XML Financial LLC boosted its holdings in LyondellBasell Industries by 50.7% during the fourth quarter. XML Financial LLC now owns 5,303 shares of the specialty chemicals company’s stock worth $394,000 after purchasing an additional 1,783 shares during the last quarter. Royal Fund Management LLC grew its position in LyondellBasell Industries by 42.0% in the fourth quarter. Royal Fund Management LLC now owns 17,400 shares of the specialty chemicals company’s stock valued at $1,292,000 after purchasing an additional 5,150 shares in the last quarter. Diversify Wealth Management LLC increased its stake in LyondellBasell Industries by 10.5% in the 4th quarter. Diversify Wealth Management LLC now owns 2,933 shares of the specialty chemicals company’s stock valued at $213,000 after buying an additional 278 shares during the last quarter. Finally, J2 Capital Management Inc bought a new stake in LyondellBasell Industries during the 4th quarter worth about $302,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 0.8 %

Shares of LYB opened at $77.11 on Thursday. 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 firm’s 50 day moving average is $77.36 and its 200-day moving average is $88.13. The stock has a market capitalization of $25.04 billion, a PE ratio of 11.74, a P/E/G ratio of 5.12 and a beta of 1.06.

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

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.95%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LYB shares. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Piper Sandler restated a “neutral” rating and issued a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Finally, Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Company Profile

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.