SteelPeak Wealth LLC Sells 7,699 Shares of LyondellBasell Industries (NYSE:LYB)

SteelPeak Wealth LLC reduced its holdings in LyondellBasell Industries (NYSE:LYB) by 69.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,446 shares of the specialty chemicals company’s stock after selling 7,699 shares during the quarter. SteelPeak Wealth LLC’s holdings in LyondellBasell Industries were worth $256,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Creative Planning lifted its holdings in shares of LyondellBasell Industries by 12.6% during the second quarter. Creative Planning now owns 35,860 shares of the specialty chemicals company’s stock worth $3,430,000 after buying an additional 4,006 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in LyondellBasell Industries by 11.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,007 shares of the specialty chemicals company’s stock worth $2,392,000 after acquiring an additional 2,536 shares during the period. Sanctuary Advisors LLC acquired a new position in LyondellBasell Industries during the 2nd quarter valued at $2,294,000. Massmutual Trust Co. FSB ADV boosted its holdings in LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares during the period. Finally, Czech National Bank increased its holdings in shares of LyondellBasell Industries by 8.1% during the 3rd quarter. Czech National Bank now owns 52,979 shares of the specialty chemicals company’s stock worth $5,081,000 after purchasing an additional 3,960 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 0.8 %

Shares of LYB opened at $75.53 on Friday. The business’s 50 day simple moving average is $76.63 and its 200-day simple moving average is $87.41. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a market capitalization of $24.53 billion, a P/E ratio of 11.50, a PEG ratio of 5.26 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results 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 return on equity of 17.05% and a net margin of 5.29%. During the same period in the prior year, the firm posted $1.26 EPS. As a group, sell-side analysts predict that LyondellBasell Industries will post 6.48 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, 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 position. 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 owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada decreased their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Finally, StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, 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.