LyondellBasell Industries (NYSE:LYB) Stock Position Lowered by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,275 shares of the specialty chemicals company’s stock after selling 335 shares during the period. Shorepoint Capital Partners LLC’s holdings in LyondellBasell Industries were worth $3,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Creative Financial Designs Inc. ADV boosted its stake in shares of LyondellBasell Industries by 162.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 533 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 330 shares during the period. Commonwealth Equity Services LLC grew its stake in LyondellBasell Industries by 5.4% in the first quarter. Commonwealth Equity Services LLC now owns 91,145 shares of the specialty chemicals company’s stock valued at $8,557,000 after purchasing an additional 4,685 shares in the last quarter. Treasurer of the State of North Carolina increased its position in LyondellBasell Industries by 1.2% in the 1st quarter. Treasurer of the State of North Carolina now owns 121,590 shares of the specialty chemicals company’s stock worth $11,416,000 after purchasing an additional 1,402 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of LyondellBasell Industries by 23.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 4,439 shares of the specialty chemicals company’s stock worth $369,000 after purchasing an additional 831 shares in the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $529,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB stock traded up $1.75 during trading on Monday, reaching $101.13. 447,212 shares of the stock were exchanged, compared to its average volume of 2,000,327. The stock has a 50 day simple moving average of $95.82 and a 200-day simple moving average of $92.88. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $32.79 billion, a P/E ratio of 15.43, a price-to-earnings-growth ratio of 2.56 and a beta of 1.21. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $102.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.14. The company had revenue of $10.31 billion for the quarter, compared to analyst estimates of $10.79 billion. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. LyondellBasell Industries’s revenue for the quarter was down 30.5% compared to the same quarter last year. During the same quarter last year, the firm earned $5.19 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.06 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 28th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.94%. The ex-dividend date was Friday, August 25th. LyondellBasell Industries’s dividend payout ratio is 77.64%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of LyondellBasell Industries from $102.00 to $104.00 in a research report on Thursday, June 1st. Wells Fargo & Company raised their target price on LyondellBasell Industries from $100.00 to $109.00 and gave the company an “overweight” rating in a report on Tuesday, August 8th. Morgan Stanley reiterated an “overweight” rating and set a $100.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, July 19th. Citigroup raised their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Tuesday, August 8th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $100.06.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 483 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $99.61, for a total value of $48,111.63. Following the completion of the transaction, the insider now owns 765,996 shares of the company’s stock, valued at $76,300,861.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 483 shares of the company’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the sale, the insider now directly owns 765,996 shares in the company, valued at $76,300,861.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total value of $975,600.00. Following the transaction, the executive vice president now owns 49,876 shares of the company’s stock, valued at $4,865,902.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

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.