Envestnet Asset Management Inc. Has $98.39 Million Stake in LyondellBasell Industries (NYSE:LYB)

Envestnet Asset Management Inc. lowered its position in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,034,765 shares of the specialty chemicals company’s stock after selling 64,435 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.32% of LyondellBasell Industries worth $98,385,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Valley National Advisers Inc. acquired a new position in LyondellBasell Industries during the third quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $26,000. McIlrath & Eck LLC raised its stake in LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares during the period. Heritage Wealth Advisors bought a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $27,000. Finally, Gold Investment Management Ltd. bought a new stake in LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction dated Friday, March 15th. The stock was 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 directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s 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 completion of the sale, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Citigroup increased their target price on 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 increased their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company increased their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Mizuho increased their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.08.

View Our Latest Stock Analysis on LYB

LyondellBasell Industries Trading Up 0.9 %

NYSE LYB opened at $96.06 on Monday. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a twelve month low of $86.64 and a twelve month high of $107.02. The company has a market cap of $31.28 billion, a price-to-earnings ratio of 14.85, a price-to-earnings-growth ratio of 1.19 and a beta of 1.13. The business’s fifty day moving average is $100.25 and its 200 day moving average is $97.82.

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

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, June 3rd will be given a $1.34 dividend. The ex-dividend date is Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.58%. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

About LyondellBasell Industries

(Free Report)

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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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