Foster & Motley Inc. Has $3.91 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Foster & Motley Inc. reduced its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,600 shares of the specialty chemicals company's stock after selling 9,882 shares during the period. Foster & Motley Inc.'s holdings in LyondellBasell Industries were worth $3,907,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LYB. Rockland Trust Co. raised its stake in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company's stock valued at $1,253,000 after purchasing an additional 112 shares in the last quarter. Petredis Investment Advisors LLC lifted its stake in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock worth $2,215,000 after acquiring an additional 116 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in LyondellBasell Industries by 25.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock valued at $58,000 after buying an additional 122 shares in the last quarter. Castleview Partners LLC lifted its position in shares of LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock valued at $194,000 after acquiring an additional 136 shares during the last quarter. Finally, Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% in the 4th 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. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were purchased 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 directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Down 1.8 %

Shares of LYB traded down $1.44 on Thursday, hitting $76.43. The company's stock had a trading volume of 1,805,151 shares, compared to its average volume of 2,537,460. 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 firm has a market capitalization of $24.82 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 5.07 and a beta of 1.06. The firm's fifty day moving average price is $76.76 and its 200-day moving average price is $87.49. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion for 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 company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.01%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LYB. Piper Sandler reiterated a "neutral" rating and issued a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. Royal Bank of Canada lowered their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $94.33.

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.