Chevy Chase Trust Holdings LLC Sells 3,107 Shares of LyondellBasell Industries (NYSE:LYB)

Chevy Chase Trust Holdings LLC cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 136,335 shares of the specialty chemicals company’s stock after selling 3,107 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in LyondellBasell Industries were worth $10,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter valued at $31,000. Fortitude Family Office LLC grew its position in LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC grew its position in LyondellBasell Industries by 58.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 203 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on LYB. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Piper Sandler reduced their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group reduced their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Barclays reduced their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Trading Up 0.7 %

Shares of LYB opened at $76.74 on Monday. The stock’s fifty day simple moving average is $75.60 and its 200-day simple moving average is $85.77. The firm has a market capitalization of $24.92 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the prior year, the company posted $1.26 earnings per share. As a group, research analysts predict that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued 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 6.98%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

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.