Geneos Wealth Management Inc. Sells 3,456 Shares of LyondellBasell Industries (NYSE:LYB)

Geneos Wealth Management Inc. lowered its holdings in LyondellBasell Industries (NYSE:LYB) by 73.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,271 shares of the specialty chemicals company’s stock after selling 3,456 shares during the quarter. Geneos Wealth Management Inc.’s holdings in LyondellBasell Industries were worth $121,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Optas LLC increased its stake in LyondellBasell Industries by 28.4% in the fourth quarter. Optas LLC now owns 3,780 shares of the specialty chemicals company’s stock valued at $359,000 after acquiring an additional 835 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth about $91,000. HBK Sorce Advisory LLC grew its stake in LyondellBasell Industries by 9.4% during the fourth quarter. HBK Sorce Advisory LLC now owns 3,288 shares of the specialty chemicals company’s stock worth $313,000 after buying an additional 283 shares during the last quarter. Confluence Wealth Services Inc. grew its stake in LyondellBasell Industries by 21.6% during the fourth quarter. Confluence Wealth Services Inc. now owns 7,146 shares of the specialty chemicals company’s stock worth $679,000 after buying an additional 1,269 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in LyondellBasell Industries during the fourth quarter worth about $14,000,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Citigroup upped their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Company increased their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $103.82.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction 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 completion of the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. 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. Company insiders own 0.12% of the company’s stock.

LyondellBasell Industries Trading Down 1.1 %

Shares of NYSE LYB opened at $100.46 on Tuesday. The company’s 50 day simple moving average is $100.02 and its 200 day simple moving average is $96.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The firm has a market capitalization of $32.69 billion, a P/E ratio of 15.53, a P/E/G ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last posted its 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). The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter last year, the business posted $1.29 earnings per share. On average, analysts predict that LyondellBasell Industries will post 8.63 EPS 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 issued 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 4.98%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

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.