Whilst it may not be a huge deal, we thought it was good to see that Kimberly Foley, who is a company insider, recently bought US$88k worth of stock, for US$60.18 per share. While we’re hesitant to get too excited about a purchase of that size, we do note it increased their holding by a solid 10%.
LyondellBasell Industries Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the insider, Massimo Covezzi, sold US$600k worth of shares at a price of US$96.79 per share. While we don’t usually like to see insider selling, it’s more concerning if the sales take place at a lower price. The good news is that this large sale was at well above current price of US$46.07. So it may not shed much light on insider confidence at current levels. Massimo Covezzi was the only individual insider to sell shares in the last twelve months.
Happily, we note that in the last year insiders paid US$742k for 10.90k shares. But they sold 6194 shares for US$600k. In total, LyondellBasell Industries insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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
Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that LyondellBasell Industries insiders own 0.2% of the company, worth about US$29m. While this is a strong but not outstanding level of insider ownership, it’s enough to indicate some alignment between management and smaller shareholders.
So What Do The LyondellBasell Industries Insider Transactions Indicate?
It is good to see recent purchasing. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest LyondellBasell Industries insiders are well aligned, and that they may think the share price is too low. So while it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know the risks that a particular company is facing. Every company has risks, and we’ve spotted 4 warning signs for LyondellBasell Industries (of which 1 is a bit unpleasant!) you should know about.
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.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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