LyondellBasell Industries (NYSE:LYB) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 73.5% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 12,235 shares of the specialty chemicals company's stock after selling 33,982 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in LyondellBasell Industries were worth $909,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during the fourth 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 raised its position in shares of 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 purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at $31,000. Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries in the 4th quarter worth $59,000. Finally, Brooklyn Investment Group purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Royal Bank of Canada raised their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Piper Sandler decreased their target price on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Mizuho lowered their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday, December 9th. Finally, UBS Group lowered their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average target price of $88.25.

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Insider Buying and Selling

In related news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now 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 acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Up 2.2 %

LyondellBasell Industries stock traded up $1.63 during mid-day trading on Friday, reaching $74.24. 1,941,921 shares of the company were exchanged, compared to its average volume of 2,069,152. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $24.01 billion, a P/E ratio of 17.93, a PEG ratio of 0.97 and a beta of 1.06. The business has a fifty day moving average of $76.05 and a 200 day moving average of $83.13. LyondellBasell Industries has a 12-month low of $71.81 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the company earned $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) 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.