LyondellBasell Industries (NYSE:LYB) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 26.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,470 shares of the specialty chemicals company's stock after selling 17,129 shares during the period. Corient Private Wealth LLC's holdings in LyondellBasell Industries were worth $3,601,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of LyondellBasell Industries by 3.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company's stock worth $1,659,000 after purchasing an additional 559 shares in the last quarter. Pathstone Holdings LLC grew its position in shares of LyondellBasell Industries by 8.2% during the third quarter. Pathstone Holdings LLC now owns 41,981 shares of the specialty chemicals company's stock worth $4,026,000 after purchasing an additional 3,197 shares in the last quarter. Caprock Group LLC grew its holdings in LyondellBasell Industries by 29.0% during the 3rd quarter. Caprock Group LLC now owns 3,788 shares of the specialty chemicals company's stock valued at $363,000 after buying an additional 851 shares in the last quarter. Prospera Financial Services Inc grew its stake in LyondellBasell Industries by 27.0% during the third quarter. Prospera Financial Services Inc now owns 3,145 shares of the specialty chemicals company's stock valued at $302,000 after acquiring an additional 668 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its holdings in shares of LyondellBasell Industries by 13.3% in the third quarter. Advisors Asset Management Inc. now owns 24,307 shares of the specialty chemicals company's stock worth $2,331,000 after purchasing an additional 2,848 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 bought 3,750 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays reduced their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 4th. Finally, StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. One research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $1.17 during trading hours on Wednesday, reaching $71.02. 3,022,170 shares of the company's stock were exchanged, compared to its average volume of 2,105,459. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $22.97 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1-year low of $69.79 and a 1-year high of $107.02. The company has a 50-day moving average of $75.95 and a 200 day moving average of $81.60.

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 (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. Research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is presently 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.