LyondellBasell Industries (NYSE:LYB) Stock Holdings Lessened by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC reduced its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 63.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,390 shares of the specialty chemicals company's stock after selling 9,317 shares during the period. Verdence Capital Advisors LLC's holdings in LyondellBasell Industries were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $1,234,000. Proficio Capital Partners LLC purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $3,760,000. M&T Bank Corp boosted its position in LyondellBasell Industries by 2.4% in the 4th quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company's stock valued at $1,467,000 after buying an additional 461 shares during the last quarter. Assetmark Inc. boosted its position in LyondellBasell Industries by 2.1% in the 4th quarter. Assetmark Inc. now owns 26,932 shares of the specialty chemicals company's stock valued at $2,000,000 after buying an additional 544 shares during the last quarter. Finally, Abbot Financial Management Inc. lifted its position in shares of LyondellBasell Industries by 11.3% during the fourth quarter. Abbot Financial Management Inc. now owns 7,855 shares of the specialty chemicals company's stock worth $583,000 after purchasing an additional 800 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $1.62 during trading hours on Friday, hitting $77.53. The stock had a trading volume of 3,223,373 shares, compared to its average volume of 2,061,236. The stock's fifty day simple moving average is $76.04 and its 200 day simple moving average is $83.59. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The firm has a market capitalization of $25.08 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 0.97 and a beta of 1.06. 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 (NYSE:LYB - Get Free Report) last announced 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 quarter last year, the business posted $1.26 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 6.91%. LyondellBasell Industries's payout ratio is currently 129.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LYB. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Barclays reduced 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 research report on Monday, February 3rd. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Piper Sandler reduced their price target 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, February 13th. Finally, UBS Group reduced their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research report on Monday, February 3rd. One investment 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. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Company 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.