LyondellBasell Industries (NYSE:LYB) Shares Sold by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich lowered its stake in LyondellBasell Industries (NYSE:LYB) by 10.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,254 shares of the specialty chemicals company’s stock after selling 1,400 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in LyondellBasell Industries were worth $910,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LYB. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the period. Webster Bank N. A. boosted its holdings in shares of 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 acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in shares of 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 acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter worth about $31,000. Finally, Fortitude Family Office LLC lifted its position in LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $76.41 on Wednesday. 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 business’s fifty day moving average price is $75.74 and its two-hundred day moving average price is $86.28. The stock has a market cap of $24.81 billion, a PE ratio of 18.46, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted 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 period last year, the business posted $1.26 EPS. On average, analysts forecast that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.01%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of analyst reports. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Piper Sandler reiterated a “neutral” rating and issued a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, UBS Group lowered their target price 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $89.17.

Insider Activity

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost 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 position. The purchase 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.

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.