LyondellBasell Industries (NYSE:LYB) Shares Sold by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. lowered its position in LyondellBasell Industries (NYSE:LYB) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,066 shares of the specialty chemicals company’s stock after selling 727 shares during the period. Bahl & Gaynor Inc.’s holdings in LyondellBasell Industries were worth $1,342,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of LYB. Webster Bank N. A. raised its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries in the third quarter worth about $31,000. Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $59,000. Finally, Brooklyn Investment Group acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $73.51 on Wednesday. The firm has a 50 day simple moving average of $75.90 and a 200-day simple moving average of $84.02. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a market cap of $23.87 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.29%. LyondellBasell Industries’s payout ratio is currently 129.47%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LYB. Barclays reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, Piper Sandler reduced their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $88.25.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently 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.