LyondellBasell Industries (NYSE:LYB) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. lessened its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 88.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,070 shares of the specialty chemicals company's stock after selling 16,040 shares during the period. Achmea Investment Management B.V.'s holdings in LyondellBasell Industries were worth $153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $59,000. Finally, Brooklyn Investment Group bought a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $60,000. Institutional investors own 71.20% of the company's stock.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a report on Thursday, December 12th. UBS Group cut their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Stock Performance

NYSE LYB traded down $1.37 on Wednesday, hitting $73.72. 2,540,771 shares of the company's stock traded hands, compared to its average volume of 2,048,628. The firm has a market capitalization of $23.84 billion, a PE ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1-year low of $71.81 and a 1-year high of $107.02. The firm's 50-day moving average price is $76.13 and its two-hundred day moving average price is $82.43. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the firm posted $1.26 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.27%. LyondellBasell Industries's payout ratio is 129.47%.

LyondellBasell Industries 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.