Aviance Capital Partners LLC Lowers Holdings in LyondellBasell Industries (NYSE:LYB)

Aviance Capital Partners LLC lowered its position in LyondellBasell Industries (NYSE:LYB) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,947 shares of the specialty chemicals company’s stock after selling 122 shares during the quarter. Aviance Capital Partners LLC’s holdings in LyondellBasell Industries were worth $1,231,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Apollon Wealth Management LLC purchased a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $405,000. Machina Capital S.A.S. lifted its holdings in LyondellBasell Industries by 128.8% during the fourth quarter. Machina Capital S.A.S. now owns 11,667 shares of the specialty chemicals company’s stock worth $1,109,000 after buying an additional 6,567 shares during the period. Private Advisor Group LLC boosted its position in LyondellBasell Industries by 7.9% during the 4th quarter. Private Advisor Group LLC now owns 10,460 shares of the specialty chemicals company’s stock valued at $995,000 after acquiring an additional 765 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of LyondellBasell Industries by 14.5% in the 4th quarter. Summit Trail Advisors LLC now owns 4,473 shares of the specialty chemicals company’s stock valued at $425,000 after acquiring an additional 568 shares during the period. Finally, Metis Global Partners LLC raised its position in shares of LyondellBasell Industries by 0.9% in the 4th quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after acquiring an additional 115 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LYB shares. BMO Capital Markets lifted their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Citigroup lifted their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $105.08.

Insiders Place Their Bets

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $0.62 during trading on Monday, hitting $99.74. The stock had a trading volume of 1,621,007 shares, compared to its average volume of 1,922,217. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The stock has a market capitalization of $32.48 billion, a price-to-earnings ratio of 15.42, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The stock has a 50-day simple moving average of $101.09 and a two-hundred day simple moving average of $96.79.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $2.50 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

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.