Potential LyondellBasell Industries N.V. (NYSE:LYB) shareholders may wish to note that the Executive Vice President of Global Manufacturing, Daniel Coombs, recently bought US$234k worth of stock, paying US$53.28 for each share. That's a very decent purchase to our minds and it grew their holding by a solid 21%.
The Last 12 Months Of Insider Transactions At LyondellBasell Industries
Over the last year, we can see that the biggest insider sale was by the insider, Massimo Covezzi, for US$600k worth of shares, at about US$96.79 per share. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$53.73. So it may not tell us anything about how insiders feel about the current share price. Massimo Covezzi was the only individual insider to sell shares in the last twelve months.
Over the last year, we can see that insiders have bought 15.30k shares worth US$977k. On the other hand they divested 6194 shares, for US$600k. Overall, LyondellBasell Industries insiders were net buyers during the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are always plenty of stocks that insiders are buying. So if that suits your style you could check each stock one by one or you could take a look at this free list of companies. (Hint: insiders have been buying them).
Insider Ownership of LyondellBasell Industries
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 0.2% of LyondellBasell Industries shares, worth about US$35m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The LyondellBasell Industries Insider Transactions Indicate?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. Given that insiders also own a fair bit of LyondellBasell Industries we think they are probably pretty confident of a bright future. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. For example - LyondellBasell Industries has 3 warning signs we think you should be aware of.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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