Nisa Investment Advisors LLC Sells 11,861 Shares of LyondellBasell Industries (NYSE:LYB)

Nisa Investment Advisors LLC cut its stake in shares of LyondellBasell Industries (NYSE:LYB) by 19.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,124 shares of the specialty chemicals company’s stock after selling 11,861 shares during the period. Nisa Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $4,576,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LYB. JPMorgan Chase & Co. lifted its position in LyondellBasell Industries by 250.7% during the first quarter. JPMorgan Chase & Co. now owns 4,331,930 shares of the specialty chemicals company’s stock valued at $406,726,000 after purchasing an additional 3,096,710 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in LyondellBasell Industries by 205.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock valued at $458,010,000 after purchasing an additional 2,995,335 shares in the last quarter. Alliancebernstein L.P. lifted its position in LyondellBasell Industries by 170.5% during the fourth quarter. Alliancebernstein L.P. now owns 3,331,033 shares of the specialty chemicals company’s stock valued at $276,576,000 after purchasing an additional 2,099,644 shares in the last quarter. Barclays PLC lifted its position in shares of LyondellBasell Industries by 490.9% in the second quarter. Barclays PLC now owns 1,464,618 shares of the specialty chemicals company’s stock valued at $134,495,000 after acquiring an additional 1,216,737 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in shares of LyondellBasell Industries by 35.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.6 %

Shares of NYSE LYB opened at $102.91 on Friday. The business’s 50 day moving average is $99.70 and its two-hundred day moving average is $95.95. 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 has a 1-year low of $84.80 and a 1-year high of $106.69. The stock has a market capitalization of $33.40 billion, a P/E ratio of 15.91, a PEG ratio of 1.26 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. As a group, research analysts expect that LyondellBasell Industries will post 8.81 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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 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%.

Wall Street Analyst Weigh In

LYB has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, January 10th. Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating on the stock. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Barclays boosted their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $102.67.

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 other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s 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 transaction, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 27,575 shares in the company, valued at $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.

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.