LyondellBasell Industries (NYSE:LYB) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. lowered its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 18.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,143 shares of the specialty chemicals company's stock after selling 15,669 shares during the period. QRG Capital Management Inc.'s holdings in LyondellBasell Industries were worth $5,061,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in LYB. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% in the fourth 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 period. Cairn Investment Group Inc. grew its stake in LyondellBasell Industries by 0.4% in the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the period. Raymond James Trust N.A. increased its stake in shares of LyondellBasell Industries by 1.0% in the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company's stock worth $1,677,000 after acquiring an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its holdings in shares of LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock valued at $268,000 after purchasing an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its stake in LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock worth $111,000 after purchasing an additional 194 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

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LyondellBasell Industries Trading Up 1.0 %

NYSE LYB traded up $0.71 on Tuesday, hitting $74.12. 3,022,318 shares of the stock were exchanged, compared to its average volume of 2,629,644. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market capitalization of $24.07 billion, a P/E ratio of 17.90, a P/E/G ratio of 0.97 and a beta of 1.05. The stock has a fifty day moving average price of $75.91 and a two-hundred day moving average price of $84.19.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly 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 previous year, the firm earned $1.26 EPS. Research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries's payout ratio is presently 129.47%.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 4th. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. UBS Group cut their price target on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and a consensus target price of $88.25.

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.