LyondellBasell Industries (NYSE:LYB) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,831 shares of the specialty chemicals company’s stock after selling 7,985 shares during the quarter. Todd Asset Management LLC owned approximately 0.10% of LyondellBasell Industries worth $30,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. Valley National Advisers Inc. purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $26,000. McIlrath & Eck LLC grew its holdings in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares during the period. Venturi Wealth Management LLC increased its position in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares in the last quarter. Finally, Webster Bank N. A. lifted its position in shares of LyondellBasell Industries by 7,050.0% during the fourth quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 423 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Citigroup upped their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. Barclays raised their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. upped their price target 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. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $0.34 during trading on Friday, hitting $99.12. 1,506,977 shares of the company traded hands, compared to its average volume of 1,611,830. The stock has a market capitalization of $32.28 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.43 and a beta of 1.18. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The business’s fifty day moving average is $101.07 and its 200-day moving average is $96.71.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the business earned $2.50 EPS. The firm’s revenue was down 3.1% on a year-over-year basis. As a group, equities analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal 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 given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. 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 29,229 shares of the company’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 sale, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Company 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.