Signaturefd LLC Decreases Stock Position in LyondellBasell Industries (NYSE:LYB)

Signaturefd LLC reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 13.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,510 shares of the specialty chemicals company’s stock after selling 721 shares during the period. Signaturefd LLC’s holdings in LyondellBasell Industries were worth $335,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Webster Bank N. A. raised its position in shares of LyondellBasell Industries by 70.4% during the 4th 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. Rosenberg Matthew Hamilton boosted its stake 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 acquiring an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries during the 4th quarter worth about $37,000. Pinnacle Bancorp Inc. purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $59,000. Finally, Brooklyn Investment Group acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $60,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. UBS Group dropped their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Barclays decreased their price target 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. Finally, Piper Sandler cut their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $71.57 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market cap of $23.15 billion, a PE ratio of 17.29, a P/E/G ratio of 0.97 and a beta of 1.06. The company’s fifty day simple moving average is $76.12 and its 200-day simple moving average is $82.11. LyondellBasell Industries has a 52 week low of $70.75 and a 52 week 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 the consensus estimate 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 previous year, the business earned $1.26 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

About LyondellBasell Industries

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.