LyondellBasell Industries (NYSE:LYB) Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,092 shares of the specialty chemicals company's stock after selling 5,383 shares during the quarter. Avantax Advisory Services Inc.'s holdings in LyondellBasell Industries were worth $1,641,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Webster Bank N. A. increased its position 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 worth $26,000 after purchasing an additional 143 shares in the last quarter. Cairn Investment Group Inc. boosted its stake in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after buying an additional 155 shares during the last quarter. Raymond James Trust N.A. boosted its stake in LyondellBasell Industries by 1.0% during the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after buying an additional 173 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its stake in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after buying an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after buying an additional 194 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. StockNews.com lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Mizuho decreased their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Barclays decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $88.25.

LyondellBasell Industries Stock Down 1.5 %

NYSE LYB traded down $1.12 during trading hours on Friday, hitting $71.57. 12,985,465 shares of the company were exchanged, compared to its average volume of 2,088,710. The company has a 50 day moving average of $76.14 and a two-hundred day moving average of $82.30. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 52-week low of $70.77 and a 52-week high of $107.02. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.97 and a beta of 1.06.

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

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.49%. LyondellBasell Industries's payout ratio is currently 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.