LyondellBasell Industries (NYSE:LYB) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 3.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 97,664 shares of the specialty chemicals company’s stock after selling 3,970 shares during the quarter. Natixis Advisors L.P.’s holdings in LyondellBasell Industries were worth $9,285,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. PGGM Investments boosted its stake in LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock worth $1,299,000 after purchasing an additional 879 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $14,000,000. Invesco Ltd. grew its holdings in shares of LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after buying an additional 815,083 shares during the last quarter. Arvest Investments Inc. purchased a new position in LyondellBasell Industries in the 4th quarter worth $2,001,000. Finally, Oak Thistle LLC acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $1,426,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Royal Bank of Canada lifted their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Barclays increased their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday. 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, Citigroup increased their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $105.08.

LyondellBasell Industries Price Performance

LYB stock opened at $102.18 on Thursday. The business’s fifty day moving average price is $101.14 and its 200 day moving average price is $96.86. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $107.02. The company has a market capitalization of $33.27 billion, a PE ratio of 15.79, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.89%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s 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 completion of the transaction, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.11% of the company’s stock.

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.