NewEdge Advisors LLC Sells 4,348 Shares of LyondellBasell Industries (NYSE:LYB)

NewEdge Advisors LLC reduced its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 16.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,779 shares of the specialty chemicals company's stock after selling 4,348 shares during the quarter. NewEdge Advisors LLC's holdings in LyondellBasell Industries were worth $1,618,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after buying an additional 187,150 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of LyondellBasell Industries by 202.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after acquiring an additional 8,691 shares during the period. Sound Income Strategies LLC lifted its position in LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after acquiring an additional 20,310 shares in the last quarter. Merrion Investment Management Co LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth $503,000. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in LyondellBasell Industries by 26.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after purchasing an additional 3,958 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on LYB shares. Morgan Stanley cut their price target 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 cut 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. UBS Group reaffirmed a "sell" rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Finally, Barclays decreased their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Stock Down 0.6 %

LyondellBasell Industries stock opened at $57.77 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company's 50-day moving average is $68.41 and its 200-day moving average is $76.44. The firm has a market capitalization of $18.65 billion, a PE ratio of 13.95, 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.

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 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 period last year, the company posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 9.28%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

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.

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