Stanley Laman Group Ltd. Sells 3,710 Shares of LyondellBasell Industries (NYSE:LYB)

Stanley Laman Group Ltd. trimmed its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,953 shares of the specialty chemicals company's stock after selling 3,710 shares during the quarter. Stanley Laman Group Ltd.'s holdings in LyondellBasell Industries were worth $2,373,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MeadowBrook Investment Advisors LLC increased its stake in LyondellBasell Industries by 158.2% in the 4th quarter. MeadowBrook Investment Advisors LLC now owns 3,976 shares of the specialty chemicals company's stock worth $295,000 after purchasing an additional 2,436 shares in the last quarter. MADDEN SECURITIES Corp purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth approximately $2,522,000. International Private Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 8.8% in the 4th quarter. International Private Wealth Advisors LLC now owns 3,189 shares of the specialty chemicals company's stock valued at $237,000 after acquiring an additional 259 shares in the last quarter. Bristlecone Advisors LLC acquired a new position in LyondellBasell Industries in the 4th quarter worth approximately $416,000. Finally, Regents Gate Capital LLP purchased a new position in LyondellBasell Industries during the 4th quarter worth approximately $2,130,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction 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.

LyondellBasell Industries Stock Up 0.7 %

Shares of LYB stock traded up $0.50 on Monday, hitting $76.74. The company's stock had a trading volume of 1,481,277 shares, compared to its average volume of 2,739,539. 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 stock has a market capitalization of $24.92 billion, a price-to-earnings ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The firm's fifty day moving average price is $75.60 and its 200-day moving average price is $85.67.

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 firm posted $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.98%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on LYB. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Morgan Stanley decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. Finally, Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus target price of $88.25.

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.