RBF Capital LLC Reduces Holdings in LyondellBasell Industries (NYSE:LYB)

RBF Capital LLC cut its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 50.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the specialty chemicals company's stock after selling 20,000 shares during the period. RBF Capital LLC's holdings in LyondellBasell Industries were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in LYB. Webster Bank N. A. raised its position 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 valued at $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $37,000. Covestor Ltd grew its position in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares in the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $59,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Up 0.5 %

Shares of NYSE:LYB traded up $0.31 during trading on Friday, hitting $59.56. The company's stock had a trading volume of 4,637,508 shares, compared to its average volume of 2,502,865. The business has a 50 day moving average price of $67.69 and a two-hundred day moving average price of $75.95. 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 fifty-two week low of $51.11 and a fifty-two week high of $107.02. The company has a market capitalization of $19.23 billion, a PE ratio of 14.39, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the business posted $1.53 EPS. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.00%. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays dropped their target price on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Citigroup decreased their price objective on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price 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.