LyondellBasell Industries (NYSE:LYB) Shares Sold by Old Port Advisors

Old Port Advisors lowered its position in LyondellBasell Industries (NYSE:LYB) by 2.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 23,834 shares of the specialty chemicals company’s stock after selling 649 shares during the quarter. Old Port Advisors’ holdings in LyondellBasell Industries were worth $1,770,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its stake in shares of LyondellBasell Industries by 0.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 103,452 shares of the specialty chemicals company’s stock worth $9,896,000 after buying an additional 496 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of LyondellBasell Industries by 11.7% in the second quarter. Van ECK Associates Corp now owns 52,352 shares of the specialty chemicals company’s stock valued at $5,008,000 after purchasing an additional 5,490 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of LyondellBasell Industries by 7.5% in the second quarter. Farther Finance Advisors LLC now owns 4,466 shares of the specialty chemicals company’s stock valued at $423,000 after purchasing an additional 312 shares during the last quarter. Ritholtz Wealth Management purchased a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $244,000. Finally, Natixis Advisors LLC raised its position in shares of LyondellBasell Industries by 2.1% during the 2nd quarter. Natixis Advisors LLC now owns 99,678 shares of the specialty chemicals company’s stock worth $9,535,000 after purchasing an additional 2,078 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LYB has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Piper Sandler dropped their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Barclays reduced their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $96.27.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Down 0.9 %

NYSE:LYB traded down $0.67 during trading hours on Thursday, reaching $73.60. 450,114 shares of the company were exchanged, compared to its average volume of 2,019,632. The firm has a market cap of $23.90 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.13 and a beta of 1.05. The stock has a 50 day simple moving average of $80.58 and a 200 day simple moving average of $90.18. LyondellBasell Industries has a 52-week low of $72.93 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period last year, the business posted $2.46 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries will post 7.02 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 7.28%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

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.