Nisa Investment Advisors LLC Sells 6,231 Shares of LyondellBasell Industries (NYSE:LYB)

Nisa Investment Advisors LLC trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,261 shares of the specialty chemicals company's stock after selling 6,231 shares during the quarter. Nisa Investment Advisors LLC's holdings in LyondellBasell Industries were worth $1,505,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries during the third quarter worth $30,000. Rosenberg Matthew Hamilton boosted its stake in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after purchasing an additional 290 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft cut their target price 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. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, December 6th. Finally, The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Two investment analysts have 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. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $94.33.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm's stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.38 on Tuesday, reaching $78.29. 1,878,053 shares of the company's stock traded hands, compared to its average volume of 2,632,009. The stock's 50 day simple moving average is $76.93 and its two-hundred day simple moving average is $87.68. The stock has a market cap of $25.42 billion, a PE ratio of 11.92, a PEG ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

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 for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $2.46 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.85%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's payout ratio is currently 81.58%.

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.