Envestnet Asset Management Inc. Sells 120,760 Shares of LyondellBasell Industries (NYSE:LYB)

Envestnet Asset Management Inc. trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 11.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 981,462 shares of the specialty chemicals company's stock after selling 120,760 shares during the period. Envestnet Asset Management Inc. owned approximately 0.30% of LyondellBasell Industries worth $72,893,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Webster Bank N. A. raised its holdings 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 purchasing an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its holdings in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after acquiring an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its position in shares of LyondellBasell Industries by 5.2% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after purchasing an additional 177 shares during the period. Y.D. More Investments Ltd increased its position in shares of LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after acquiring an additional 194 shares in the last quarter. Finally, Caprock Group LLC increased its holdings in LyondellBasell Industries by 5.8% during the 4th quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock worth $298,000 after purchasing an additional 220 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on LYB shares. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research report on Wednesday, April 9th. Barclays dropped their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Finally, Citigroup cut their target price on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research note on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Price Performance

NYSE LYB traded down $0.36 during trading on Tuesday, reaching $57.09. The company's stock had a trading volume of 1,230,327 shares, compared to its average volume of 2,417,504. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a fifty day moving average of $71.15 and a 200 day moving average of $78.07. The stock has a market capitalization of $18.47 billion, a PE ratio of 13.79, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its 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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business posted $1.26 earnings per share. Analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.39%. LyondellBasell Industries's dividend payout ratio (DPR) 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.