Orion Portfolio Solutions LLC Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Orion Portfolio Solutions LLC trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 25.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,021 shares of the specialty chemicals company's stock after selling 4,355 shares during the period. Orion Portfolio Solutions LLC's holdings in LyondellBasell Industries were worth $967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Webster Bank N. A. grew its stake in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares during the period. Rosenberg Matthew Hamilton grew its stake in shares of LyondellBasell Industries by 268.2% in the 4th 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 during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $59,000. Finally, Crews Bank & Trust acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $85,000. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LYB. Royal Bank of Canada downgraded LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a report on Wednesday. Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. The Goldman Sachs Group cut 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. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $76.50.

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Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Down 7.2 %

Shares of NYSE LYB traded down $4.28 during trading on Thursday, hitting $55.55. 1,288,932 shares of the company traded hands, compared to its average volume of 2,363,334. The business's fifty day moving average is $72.41 and its 200 day moving average is $79.02. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts' consensus estimates 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 quarter in the previous year, the firm earned $1.26 EPS. Equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.65%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

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.