Perigon Wealth Management LLC Sells 12,988 Shares of LyondellBasell Industries (NYSE:LYB)

Perigon Wealth Management LLC decreased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 33.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,716 shares of the specialty chemicals company's stock after selling 12,988 shares during the period. Perigon Wealth Management LLC's holdings in LyondellBasell Industries were worth $1,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CVA Family Office LLC raised its holdings in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co purchased a new position in shares of LyondellBasell Industries in the third quarter valued at $30,000. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter worth about $31,000. Webster Bank N. A. boosted its stake in LyondellBasell Industries by 70.4% in 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 period. Finally, Rosenberg Matthew Hamilton grew its holdings in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company's stock.

LyondellBasell Industries Trading Down 2.3 %

Shares of LYB stock traded down $1.82 during mid-day trading on Thursday, reaching $76.04. The stock had a trading volume of 3,623,714 shares, compared to its average volume of 2,636,507. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock's 50-day moving average price is $76.76 and its two-hundred day moving average price is $87.49. The firm has a market capitalization of $24.69 billion, a PE ratio of 11.57, a price-to-earnings-growth 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.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period in the previous year, the firm posted $2.46 earnings per share. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries will post 6.48 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, December 9th. Shareholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LYB shares. Barclays lowered their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a report on Tuesday, December 10th. Piper Sandler reiterated a "neutral" rating and set a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and a consensus price target of $94.33.

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.