Mariner LLC Sells 19,936 Shares of LyondellBasell Industries (NYSE:LYB)

Mariner LLC lowered its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 3.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 496,509 shares of the specialty chemicals company's stock after selling 19,936 shares during the period. Mariner LLC owned about 0.15% of LyondellBasell Industries worth $36,875,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock valued at $637,394,000 after purchasing an additional 558,137 shares in the last quarter. Geode Capital Management LLC raised its position in shares of LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after purchasing an additional 199,054 shares during the period. Invesco Ltd. increased its stake in LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after purchasing an additional 694,055 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares in the last quarter. Finally, Amundi raised its holdings in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Up 1.4 %

LYB traded up $0.81 during trading on Friday, hitting $56.75. 4,039,552 shares of the company's stock traded hands, compared to its average volume of 2,455,289. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $107.02. The company's 50 day simple moving average is $69.54 and its two-hundred day simple moving average is $77.23. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the prior year, the firm posted $1.26 EPS. 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.44%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is 129.47%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research analyst reports. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock 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 objective on the stock. in a research report on Wednesday, April 9th. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Piper Sandler decreased their target price on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Morgan Stanley cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $76.50.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly owns 16,028 shares of the company's stock, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.