LyondellBasell Industries (NYSE:LYB) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in LyondellBasell Industries (NYSE:LYB) by 0.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,547,920 shares of the specialty chemicals company’s stock after selling 5,766 shares during the period. Alliancebernstein L.P.’s holdings in LyondellBasell Industries were worth $263,504,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. raised its position in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton raised its holdings in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $37,000. Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $59,000. Finally, Crews Bank & Trust purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at $85,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Up 0.9 %

Shares of LyondellBasell Industries stock opened at $70.44 on Tuesday. LyondellBasell Industries has a one year low of $69.15 and a one year high of $107.02. The company has a market cap of $22.78 billion, a P/E ratio of 17.01, 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. The firm has a fifty day moving average of $75.44 and a two-hundred day moving average of $80.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 company posted $1.26 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid 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 7.61%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analysts Set New Price Targets

Several research firms have issued reports on LYB. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Piper Sandler cut their target price on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.25.

About LyondellBasell Industries

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.