Golden State Equity Partners Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

Golden State Equity Partners cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 7.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 5,413 shares of the specialty chemicals company’s stock after selling 464 shares during the quarter. Golden State Equity Partners’ holdings in LyondellBasell Industries were worth $515,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC raised its stake in LyondellBasell Industries by 10.3% during the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the period. Morgan Stanley increased its position in shares of LyondellBasell Industries by 9.9% during the third quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after acquiring an additional 569,887 shares during the last quarter. Federated Hermes Inc. increased its position in shares of LyondellBasell Industries by 4.0% during the third quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock valued at $536,752,000 after acquiring an additional 217,461 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,650,680 shares of the specialty chemicals company’s stock valued at $535,119,000 after acquiring an additional 143,542 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after acquiring an additional 815,083 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 in the last 90 days. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup lifted their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Barclays lifted their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $103.82.

LyondellBasell Industries Stock Up 2.5 %

Shares of LYB stock traded up $2.45 during trading on Friday, reaching $102.13. The company’s stock had a trading volume of 2,651,865 shares, compared to its average volume of 1,436,825. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company has a market capitalization of $33.24 billion, a price-to-earnings ratio of 15.79, a P/E/G ratio of 1.22 and a beta of 1.19. The stock’s 50-day moving average price is $100.87 and its 200 day moving average price is $96.48.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the business posted $2.50 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. On average, research analysts anticipate that LyondellBasell Industries will post 8.69 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

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.