Bleakley Financial Group LLC Has $800,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Bleakley Financial Group LLC reduced its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,769 shares of the specialty chemicals company's stock after selling 3,775 shares during the period. Bleakley Financial Group LLC's holdings in LyondellBasell Industries were worth $800,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. State Street Corp grew its holdings in LyondellBasell Industries by 1.9% in the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after purchasing an additional 362,671 shares during the period. Geode Capital Management LLC grew its holdings in LyondellBasell Industries by 4.4% in the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after purchasing an additional 277,108 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after acquiring an additional 293,622 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded up $0.38 during trading hours on Thursday, reaching $76.27. 1,891,741 shares of the company's stock were exchanged, compared to its average volume of 2,783,953. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a market cap of $24.77 billion, a P/E ratio of 18.42, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company's 50 day moving average is $75.61 and its two-hundred day moving average is $86.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the firm posted $1.26 EPS. Equities research analysts anticipate that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.03%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYB shares. UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday, February 3rd. JPMorgan Chase & Co. lowered 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. StockNews.com lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler lowered their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus target price of $88.25.

About LyondellBasell Industries

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.