LyondellBasell Industries (NYSE:LYB) Position Reduced by Weaver C. Barksdale & Associates Inc.

Weaver C. Barksdale & Associates Inc. reduced its position in LyondellBasell Industries (NYSE:LYB) by 19.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,992 shares of the specialty chemicals company’s stock after selling 4,585 shares during the period. LyondellBasell Industries comprises approximately 1.8% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 25th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in LyondellBasell Industries were worth $1,806,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in LyondellBasell Industries by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company’s stock valued at $3,446,000 after acquiring an additional 1,095 shares in the last quarter. Xponance Inc. lifted its position in LyondellBasell Industries by 1.7% in the 3rd quarter. Xponance Inc. now owns 35,140 shares of the specialty chemicals company’s stock worth $3,328,000 after buying an additional 586 shares in the last quarter. Dakota Wealth Management boosted its stake in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Dakota Wealth Management now owns 3,484 shares of the specialty chemicals company’s stock valued at $330,000 after buying an additional 208 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 2.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 113,361 shares of the specialty chemicals company’s stock valued at $10,735,000 after acquiring an additional 2,508 shares in the last quarter. Finally, Brown Advisory Inc. increased its stake in shares of LyondellBasell Industries by 6.9% in the third quarter. Brown Advisory Inc. now owns 2,962 shares of the specialty chemicals company’s stock worth $281,000 after acquiring an additional 191 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were 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 owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s 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 sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 in the last ninety days. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $0.34 during trading on Friday, reaching $99.12. The company’s stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,611,830. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The firm has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a price-to-earnings-growth ratio of 1.42 and a beta of 1.18. The business’s fifty day moving average price is $101.07 and its 200-day moving average price is $96.71.

LyondellBasell Industries (NYSE:LYB) last issued 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 return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the business posted $2.50 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Mizuho upped their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $104.75.

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.