Burney Co. Sells 3,741 Shares of LyondellBasell Industries (NYSE:LYB)

Burney Co. cut its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 46.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,375 shares of the specialty chemicals company's stock after selling 3,741 shares during the quarter. Burney Co.'s holdings in LyondellBasell Industries were worth $325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of LyondellBasell Industries by 5.8% during the second quarter. Mercer Global Advisors Inc. ADV now owns 76,294 shares of the specialty chemicals company's stock valued at $7,298,000 after purchasing an additional 4,206 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of LyondellBasell Industries by 6.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,479 shares of the specialty chemicals company's stock worth $2,522,000 after buying an additional 1,695 shares during the last quarter. Hsbc Holdings PLC increased its position in LyondellBasell Industries by 10.4% during the 2nd quarter. Hsbc Holdings PLC now owns 131,089 shares of the specialty chemicals company's stock valued at $12,603,000 after buying an additional 12,301 shares in the last quarter. Seven Eight Capital LP purchased a new position in LyondellBasell Industries during the second quarter valued at $237,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in LyondellBasell Industries by 18.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 40,930 shares of the specialty chemicals company's stock worth $3,916,000 after acquiring an additional 6,425 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded up $0.72 during midday trading on Friday, hitting $77.35. The stock had a trading volume of 1,866,485 shares, compared to its average volume of 2,516,248. The company has a market capitalization of $25.12 billion, a PE ratio of 11.77, a P/E/G ratio of 1.74 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm's fifty day moving average is $77.63 and its two-hundred day moving average is $88.41. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business's revenue was down 2.8% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LYB. Piper Sandler reaffirmed a "neutral" rating and issued a $95.00 price objective (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Barclays dropped their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Finally, Mizuho dropped 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $94.33.

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.