Texas Yale Capital Corp. Decreases Stock Position in LyondellBasell Industries (NYSE:LYB)

Texas Yale Capital Corp. reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 72.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,188 shares of the specialty chemicals company's stock after selling 11,066 shares during the quarter. Texas Yale Capital Corp.'s holdings in LyondellBasell Industries were worth $311,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in LYB. Webster Bank N. A. lifted its stake in 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 boosted its stake in LyondellBasell Industries by 268.2% during 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 during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries in the fourth quarter valued at $37,000. Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $59,000. Finally, Crews Bank & Trust purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth about $85,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 1.0 %

Shares of LyondellBasell Industries stock traded down $0.57 during trading hours on Tuesday, reaching $56.88. 1,603,664 shares of the company's stock were exchanged, compared to its average volume of 2,418,995. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $107.02. The company has a fifty day moving average of $71.15 and a 200-day moving average of $78.07. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $18.40 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the firm posted $1.26 earnings per share. Sell-side analysts forecast 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 of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.42%. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price 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 of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on LYB. Morgan Stanley decreased their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. UBS Group reiterated a "sell" rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Wells Fargo & Company cut their target price 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. Royal Bank of Canada lowered shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research report on Wednesday, April 9th. Finally, Citigroup cut their price objective on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently 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.