Coastal Investment Advisors Inc. acquires 532 shares of LyondellBasell Industries (NYSE: LYB)


Coastal Investment Advisors Inc. increased its stake in LyondellBasell Industries (NYSE: LYB – Get Rating) by 11.0% in the first quarter, according to its latest submission 13F to the Securities and Exchange Commission. The company owned 5,351 shares of the specialty chemicals company after purchasing an additional 532 shares during the period. The holdings of Coastal Investment Advisors Inc. at LyondellBasell Industries were worth $ 550,000 at the end of the last quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. State Street Corp increased its position in shares of LyondellBasell Industries by 1.7% in the 4th quarter. State Street Corp. now owns 11,974,111 shares of the specialty chemicals company worth $ 1,104,372,000 after buying an additional 203,559 shares in the last quarter. Geode Capital Management LLC increased its position in shares of LyondellBasell Industries by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 5,092,810 shares of the specialty chemicals company worth $ 469,192,000 after buying an additional 173,263 shares in the last quarter. AustralianSuper Pty Ltd increased its position in shares of LyondellBasell Industries by 4.1% in the 4th quarter. AustralianSuper Pty Ltd already owns 4,325,551 shares of the specialty chemicals company worth $ 419,405,000 after buying an additional 168,563 shares in the last quarter. Deutsche Bank AG increased its position in shares of LyondellBasell Industries by 18.3% in the 4th quarter. Deutsche Bank AG already owns 3,807,949 shares of the specialty chemicals company worth $ 351,207,000 after buying an additional 590,024 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of LyondellBasell Industries by 5.1% in the 4th quarter. Dimensional Fund Advisors LP already owns 3,698,514 shares of the specialty chemicals company worth $ 341,099,000 after buying an additional 180,255 shares in the last quarter. 69.64% of the shares are owned by hedge funds and other institutional investors.

A number of research firms have recently published reports on LYB. Barclays raised its target for LyondellBasell Industries stock prices from $ 125.00 to $ 130.00 in a research report on Monday, May 2nd. StockNews.com raised shares of LyondellBasell Industries from a hold to a buy rating in a research report on Friday, April 29. JPMorgan Chase & Co. lowered its target for LyondellBasell Industries stock prices from $ 130.00 to $ 115.00 in a research report on Friday, June 17. Royal Bank of Canada lowered its target for LyondellBasell Industries stock prices from $ 109.00 to $ 99.00 in a research report on Wednesday. Finally, Wells Fargo & Company raised its share price target for LyondellBasell Industries from $ 120.00 to $ 125.00 in a research report on Monday, May 2nd. One stock research analyst rated the shares with a sell rating, nine assigned a hold rating and six issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus hold rating and a consensus target of $ 114.75.

In related news, director Jagjeet S. Bindra sold 2,640 shares of the shares in a deal on Tuesday, June 7th. The shares were sold at an average price of $ 111.44, for a total transaction of $ 294,201.60. Following the transaction, the director now directly owns 7,020 shares of the company’s shares worth $ 782,308.80. The sale was disclosed in legal documentation in the SEC, which can be accessed through this hyperlink. Also, CFO Michael C. McMurray sold 33,880 shares of the stock in a deal on Wednesday, June 8th. The shares were sold at an average price of $ 110.94, for a total transaction of $ 3,758,647.20. Following the deal, the chief financial officer now directly owns 39,612 shares of the company worth $ 4,394,555.28. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s shares.

NYSE: LYB opened at $ 89.24 on Friday. The company’s 50-day moving average is $ 105.73, and its 200-day moving average is $ 100.86. The company has a debt to equity ratio of 0.88, a fast ratio of 1.10 and a current ratio of 1.76. LyondellBasell Industries has a 52-week low of $ 83.50 and a 52-week high of $ 117.22. The company has a market capitalization of $ 29.24 billion, a P / E ratio of 5.08, a P / E / G ratio of 0.61 and a beta ratio of 1.27.

LyondellBasell Industries (NYSE: LYB – Get Rating) last released its quarterly earnings data on Friday, April 29th. The specialty chemicals company reported $ 4.00 EPS for the quarter, beating analysts’ consensus estimates of $ 3.48 by $ 0.52. LyondellBasell Industries had a net margin of 11.68% and a return on equity of 54.14%. The company had revenue of $ 13.16 billion for the quarter, compared to analysts’ estimates of $ 12.67 billion. During the same period last year, the company reported $ 3.18 EPS. The company’s quarterly revenues increased by 44.9% on an annual basis. As a group, sales analysts expect LyondellBasell Industries to report 17.85 earnings per share for the current year.

The company also recently unveiled a special dividend, which was paid on Monday, June 13th. The record shareholders on Monday, June 6, received a dividend of $ 5.20. This represents a dividend yield of 4.2%. The date of the former dividend of this dividend was Friday, June 3. LyondellBasell Industries’ current dividend payout ratio is currently 27.11%.

Company profile LyondellBasell Industries (Get a rating)

LyondellBasell Industries NV 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 Polyolefins in America; Olefins and polyolefinsEurope, Asia, International; Intermediates and derivatives; Advanced polymer solutions; Refining; and technology.

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Institutional ownership by quarter for LyondellBasell Industries (NYSE: LYB)



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