Kingsview Wealth Management LLC Reduces Position in LyondellBasell Industries (NYSE:LYB)

Kingsview Wealth Management LLC lessened its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 59.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,250 shares of the specialty chemicals company's stock after selling 6,309 shares during the quarter. Kingsview Wealth Management LLC's holdings in LyondellBasell Industries were worth $316,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. lifted its holdings in LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after buying an additional 871,708 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after buying an additional 362,671 shares in the last quarter. Franklin Resources Inc. lifted its holdings in LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after buying an additional 293,622 shares in the last quarter. Geode Capital Management LLC lifted its holdings in LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock valued at $638,964,000 after buying an additional 277,108 shares in the last quarter. Finally, State Street Corp increased its position in LyondellBasell Industries by 1.9% during the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the period. Institutional investors own 71.20% of the company's stock.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company's stock in a transaction dated Friday, December 13th. The stock was acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada lifted their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft cut 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 report on Monday, November 4th. Finally, Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Price Performance

NYSE LYB traded up $1.37 on Tuesday, hitting $78.07. The company had a trading volume of 663,955 shares, compared to its average volume of 2,670,256. The company has a market capitalization of $25.35 billion, a PE ratio of 18.86, a PEG ratio of 0.92 and a beta of 1.05. The company's fifty day moving average price is $75.58 and its 200-day moving average price is $85.52. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the previous year, the business posted $1.26 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.87%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's payout ratio is presently 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.