LyondellBasell Industries (NYSE:LYB) Holdings Reduced by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 96.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,074 shares of the specialty chemicals company’s stock after selling 568,256 shares during the period. Miller Howard Investments Inc. NY’s holdings in LyondellBasell Industries were worth $1,491,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LYB. WCM Investment Management LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $2,593,000. Entropy Technologies LP lifted its stake in shares of LyondellBasell Industries by 79.4% in the 4th quarter. Entropy Technologies LP now owns 28,525 shares of the specialty chemicals company’s stock worth $2,119,000 after acquiring an additional 12,627 shares during the period. Empirical Finance LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $417,000. Empowered Funds LLC increased its stake in shares of LyondellBasell Industries by 26.2% during the fourth quarter. Empowered Funds LLC now owns 118,232 shares of the specialty chemicals company’s stock valued at $8,781,000 after acquiring an additional 24,549 shares during the period. Finally, Apollon Wealth Management LLC raised its holdings in LyondellBasell Industries by 56.4% during the fourth quarter. Apollon Wealth Management LLC now owns 5,503 shares of the specialty chemicals company’s stock worth $409,000 after purchasing an additional 1,984 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $76.61 on Friday. The stock has a market cap of $24.88 billion, a P/E ratio of 18.50, a P/E/G ratio of 0.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a 50 day simple moving average of $75.86 and a 200 day simple moving average of $86.56. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the business earned $1.26 EPS. Research analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is presently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on LYB shares. Morgan Stanley dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. 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 research note on Monday, February 3rd. Barclays reduced their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report 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 company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $89.17.

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.