Everence Capital Management Inc. Sells 43,740 Shares of LyondellBasell Industries (NYSE:LYB)

Everence Capital Management Inc. decreased its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 58.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,780 shares of the specialty chemicals company's stock after selling 43,740 shares during the quarter. Everence Capital Management Inc.'s holdings in LyondellBasell Industries were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its position in LyondellBasell Industries by 58.0% in the 4th quarter. GAMMA Investing LLC now owns 1,924 shares of the specialty chemicals company's stock worth $143,000 after purchasing an additional 706 shares during the period. JPMorgan Chase & Co. increased its holdings 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 buying an additional 187,150 shares during the period. Principal Financial Group Inc. boosted its holdings in LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after acquiring an additional 18,311 shares during the period. Retirement Systems of Alabama boosted its holdings in LyondellBasell Industries by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 57,021 shares of the specialty chemicals company's stock valued at $5,468,000 after acquiring an additional 277 shares during the period. Finally, Franklin Resources Inc. increased its stake in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after purchasing an additional 293,622 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $0.01 on Friday, hitting $72.77. The stock had a trading volume of 3,663,278 shares, compared to its average volume of 3,276,339. The business's 50-day simple moving average is $80.27 and its two-hundred day simple moving average is $90.06. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a market cap of $23.63 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results 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 firm 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 for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 earnings per share. As a group, research analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.37%. LyondellBasell Industries's payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, December 10th. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Finally, The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $96.27.

Insider Buying and Selling

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. 0.11% of the stock is owned by company insiders.

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.