HB Wealth Management LLC Sells 542 Shares of LyondellBasell Industries (NYSE:LYB)

HB Wealth Management LLC trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,595 shares of the specialty chemicals company’s stock after selling 542 shares during the period. HB Wealth Management LLC’s holdings in LyondellBasell Industries were worth $437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its holdings in LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after buying an additional 107 shares during the last quarter. Sei Investments Co. increased its position in LyondellBasell Industries by 26.2% in the first quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock worth $4,349,000 after buying an additional 8,596 shares in the last quarter. Prudential PLC purchased a new position in shares of LyondellBasell Industries during the 1st quarter valued at about $731,000. Cetera Investment Advisers grew its stake in shares of LyondellBasell Industries by 29.0% during the 1st quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after acquiring an additional 1,684 shares during the period. Finally, Moors & Cabot Inc. increased its holdings in LyondellBasell Industries by 20.2% in the 1st quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock worth $644,000 after acquiring an additional 1,053 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value 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 approximately $2,770,460.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock worth $8,077,267. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

LYB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Wednesday, January 10th. Barclays reduced their price target on shares of LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Wolfe Research initiated coverage on LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.33.

LyondellBasell Industries Trading Up 1.8 %

Shares of LYB stock opened at $102.95 on Thursday. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $102.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The stock’s 50 day simple moving average is $97.46 and its two-hundred day simple moving average is $95.48. The company has a market cap of $33.41 billion, a PE ratio of 15.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). 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 for the quarter, compared to analysts’ expectations of $9.85 billion. During the same quarter last year, the company earned $1.29 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. Research analysts predict that LyondellBasell Industries will post 8.81 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.86%. LyondellBasell Industries’s payout ratio is 77.28%.

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.