National Bank of Canada FI Cuts Stake in LyondellBasell Industries (NYSE:LYB)

National Bank of Canada FI reduced its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 98.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,817 shares of the specialty chemicals company's stock after selling 155,513 shares during the period. National Bank of Canada FI's holdings in LyondellBasell Industries were worth $134,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in LyondellBasell Industries by 268.2% in 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 during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $37,000. Pinnacle Bancorp Inc. purchased a new position in shares of LyondellBasell Industries during the 4th quarter worth $59,000. Finally, Crews Bank & Trust acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $85,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 1.1 %

LyondellBasell Industries stock traded up $0.61 during midday trading on Monday, reaching $57.50. The company's stock had a trading volume of 4,338,505 shares, compared to its average volume of 2,421,927. The business has a 50-day simple moving average of $71.15 and a 200-day simple moving average of $78.07. The company has a market cap of $18.60 billion, a P/E ratio of 13.89, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period last year, the company earned $1.26 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.32%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LYB shares. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada lowered LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 target price on the stock. in a research report on Wednesday, April 9th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, Citigroup cut their price target on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research note on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $76.50.

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.