Vestor Capital LLC Sells 1,972 Shares of LyondellBasell Industries (NYSE:LYB)

Vestor Capital LLC lowered its stake in LyondellBasell Industries (NYSE:LYB) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 33,097 shares of the specialty chemicals company’s stock after selling 1,972 shares during the period. Vestor Capital LLC’s holdings in LyondellBasell Industries were worth $2,458,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYB. Webster Bank N. A. lifted its stake 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 buying an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its stake 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 buying an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $37,000. Pinnacle Bancorp Inc. bought a new position in LyondellBasell Industries in the fourth quarter valued at approximately $59,000. Finally, Brooklyn Investment Group bought a new position in LyondellBasell Industries in the third quarter valued at approximately $60,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $71.57 on Friday. The company has a market cap of $23.15 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1-year low of $70.75 and a 1-year high of $107.02. The company’s fifty day simple moving average is $76.12 and its 200 day simple moving average is $82.11. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the company earned $1.26 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 7.49%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Piper Sandler lowered 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. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, UBS Group lowered their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $88.25.

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.