Independent Advisor Alliance Sells 3,917 Shares of LyondellBasell Industries (NYSE:LYB)

Independent Advisor Alliance lowered its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 25.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,639 shares of the specialty chemicals company's stock after selling 3,917 shares during the quarter. Independent Advisor Alliance's holdings in LyondellBasell Industries were worth $864,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. Webster Bank N. A. boosted its position in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton boosted its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after acquiring an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries during the 4th quarter worth $37,000. Pinnacle Bancorp Inc. acquired a new position in LyondellBasell Industries during the 4th quarter worth $59,000. Finally, Brooklyn Investment Group acquired a new position in LyondellBasell Industries during the 3rd quarter worth $60,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on LYB shares. Mizuho reduced their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their target price on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Piper Sandler cut their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Finally, The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $88.25.

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Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Down 1.8 %

NYSE:LYB traded down $1.37 during trading hours on Wednesday, hitting $73.72. 2,540,409 shares of the company's stock traded hands, compared to its average volume of 2,048,619. The firm has a market cap of $23.84 billion, a P/E ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock's fifty day moving average price is $76.13 and its two-hundred day moving average price is $82.43.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 business earned $1.26 EPS. On average, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.27%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

LyondellBasell Industries Company 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.