TD Private Client Wealth LLC Sells 8,065 Shares of LyondellBasell Industries (NYSE:LYB)

TD Private Client Wealth LLC lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,817 shares of the specialty chemicals company's stock after selling 8,065 shares during the quarter. TD Private Client Wealth LLC's holdings in LyondellBasell Industries were worth $2,215,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Amundi increased its stake in LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock valued at $283,452,000 after buying an additional 1,260,913 shares during the period. Raymond James Financial Inc. purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at $69,115,000. Jacobs Levy Equity Management Inc. increased its stake in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock worth $123,055,000 after acquiring an additional 871,708 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after purchasing an additional 293,622 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

LYB has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Barclays cut their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. UBS Group cut their target price on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $88.25.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.11 during trading hours on Thursday, reaching $70.95. 3,277,961 shares of the company's stock were exchanged, compared to its average volume of 2,108,805. The business has a fifty day moving average price of $75.85 and a 200-day moving average price of $81.53. The stock has a market capitalization of $22.95 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a fifty-two week low of $69.62 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the company posted $1.26 EPS. Analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given 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 7.55%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

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.