apricus wealth LLC Sells 1,715 Shares of LyondellBasell Industries (NYSE:LYB)

apricus wealth LLC reduced its holdings in LyondellBasell Industries (NYSE:LYB) by 5.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 30,348 shares of the specialty chemicals company’s stock after selling 1,715 shares during the quarter. apricus wealth LLC’s holdings in LyondellBasell Industries were worth $2,254,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after acquiring an additional 20,310 shares during the period. RFG Advisory LLC acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $363,000. IVC Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 6.6% in the 4th quarter. IVC Wealth Advisors LLC now owns 11,493 shares of the specialty chemicals company’s stock valued at $854,000 after purchasing an additional 709 shares during the period. Inspire Investing LLC grew its holdings in shares of LyondellBasell Industries by 13.1% during the 4th quarter. Inspire Investing LLC now owns 4,551 shares of the specialty chemicals company’s stock worth $338,000 after purchasing an additional 527 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in LyondellBasell Industries by 1.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 17,463 shares of the specialty chemicals company’s stock valued at $1,297,000 after purchasing an additional 291 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 price target (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Barclays lowered their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Price Performance

Shares of LYB opened at $77.45 on Friday. The firm has a market cap of $25.15 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The business’s 50 day moving average price is $77.13 and its two-hundred day moving average price is $87.98. 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 issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company earned $2.46 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 81.58%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated 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 acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

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.