LyondellBasell Industries (NYSE:LYB) Shares Sold by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC lowered its position in LyondellBasell Industries (NYSE:LYB) by 28.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,583 shares of the specialty chemicals company’s stock after selling 1,428 shares during the period. HBK Sorce Advisory LLC’s holdings in LyondellBasell Industries were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Moors & Cabot Inc. grew its holdings in shares of LyondellBasell Industries by 7.8% in the 4th quarter. Moors & Cabot Inc. now owns 3,563 shares of the specialty chemicals company’s stock worth $265,000 after acquiring an additional 259 shares during the period. AGF Management Ltd. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $2,308,000. Wealthfront Advisers LLC lifted its stake in LyondellBasell Industries by 42.0% in the 4th quarter. Wealthfront Advisers LLC now owns 68,064 shares of the specialty chemicals company’s stock valued at $5,055,000 after buying an additional 20,138 shares in the last quarter. Inspire Advisors LLC lifted its stake in LyondellBasell Industries by 7.7% in the 4th quarter. Inspire Advisors LLC now owns 6,506 shares of the specialty chemicals company’s stock valued at $483,000 after buying an additional 466 shares in the last quarter. Finally, Citizens Financial Group Inc. RI lifted its stake in LyondellBasell Industries by 18.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 5,119 shares of the specialty chemicals company’s stock valued at $380,000 after buying an additional 781 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.2 %

Shares of LYB opened at $74.24 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market capitalization of $24.01 billion, a P/E ratio of 17.93, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The stock’s fifty day simple moving average is $76.08 and its 200 day simple moving average is $82.86. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the business earned $1.26 earnings per share. On average, equities research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be issued a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 annualized dividend and a yield of 7.22%. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Analyst Ratings Changes

LYB has been the topic of a number of recent research reports. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Finally, Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $88.25.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

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.