Foundry Partners LLC Sells 11,570 Shares of LyondellBasell Industries (NYSE:LYB)

Foundry Partners LLC cut its stake in LyondellBasell Industries (NYSE:LYB) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,442 shares of the specialty chemicals company’s stock after selling 11,570 shares during the quarter. Foundry Partners LLC’s holdings in LyondellBasell Industries were worth $8,694,000 as of its most recent SEC filing.

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

LyondellBasell Industries Stock Up 1.3 %

NYSE LYB traded up $1.34 during midday trading on Friday, hitting $100.74. 2,027,307 shares of the company traded hands, compared to its average volume of 1,533,755. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company’s 50-day simple moving average is $100.42 and its 200-day simple moving average is $96.22. The company has a market cap of $32.78 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. 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 (NYSE:LYB) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.96%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Kenneth Todd Lane sold 9,489 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 over the last three months. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LYB. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wolfe Research began coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Wednesday, January 10th. Barclays lifted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Citigroup upped their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.82.

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.