LyondellBasell Industries (NYSE:LYB) Shares Sold by Acropolis Investment Management LLC

Acropolis Investment Management LLC cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 15.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,469 shares of the specialty chemicals company’s stock after selling 1,876 shares during the period. Acropolis Investment Management LLC’s holdings in LyondellBasell Industries were worth $778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after buying an additional 159,803 shares during the period. JPMorgan Chase & Co. raised its position in LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after acquiring an additional 11,610 shares during the period. Principal Financial Group Inc. boosted its position in LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after purchasing an additional 18,311 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $7,537,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Morgan Stanley lowered their target price on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays dropped 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. 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 company presently has a consensus rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Trading Up 0.3 %

Shares of LYB stock opened at $75.37 on Wednesday. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The firm has a market capitalization of $24.48 billion, a P/E ratio of 11.47, a PEG ratio of 2.13 and a beta of 1.06. The stock’s fifty day moving average is $78.21 and its two-hundred day moving average is $88.75. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The business’s revenue was down 2.8% compared to the same quarter last year. Research analysts expect that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.11%. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents 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 this link. 0.11% of the stock is currently owned by company insiders.

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.