Foster & Motley Inc. Decreases Position in LyondellBasell Industries (NYSE:LYB)

Foster & Motley Inc. decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 15.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 52,600 shares of the specialty chemicals company’s stock after selling 9,882 shares during the period. Foster & Motley Inc.’s holdings in LyondellBasell Industries were worth $3,907,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CVA Family Office LLC lifted its position in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Webster Bank N. A. raised its stake 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 purchasing an additional 143 shares during the last quarter. Matrix Trust Co bought a new position in shares of LyondellBasell Industries during the third quarter valued at $30,000. Rosenberg Matthew Hamilton boosted its position in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 295 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the 3rd quarter worth about $31,000. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 0.5 %

LYB stock opened at $77.89 on Thursday. The business’s 50-day moving average price is $76.85 and its 200-day moving average price is $87.56. The stock has a market cap of $25.29 billion, a P/E ratio of 11.85, a PEG ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. On average, equities research analysts forecast that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.88%. LyondellBasell Industries’s payout ratio is presently 81.58%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on LYB shares. Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Piper Sandler restated a “neutral” rating and set a $95.00 price objective (down previously from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. The Goldman Sachs Group cut their target price 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. Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Barclays reduced their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $94.33.

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.