LyondellBasell Industries (NYSE:LYB) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 52.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,710 shares of the specialty chemicals company’s stock after selling 9,434 shares during the period. Greenwood Capital Associates LLC’s holdings in LyondellBasell Industries were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. CVA Family Office LLC raised its stake in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $30,000. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Webster Bank N. A. boosted its holdings 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 acquiring an additional 143 shares during the last quarter. Finally, Rosenberg Matthew Hamilton increased its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.6 %

NYSE:LYB opened at $78.25 on Wednesday. The stock has a market cap of $25.41 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. 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 business’s 50-day simple moving average is $76.30 and its 200 day simple moving average is $86.97.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the business earned $1.26 earnings per share. As a group, sell-side analysts predict that LyondellBasell Industries will post 7.4 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.85%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 129.47%.

Insider Activity

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on LYB. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday. Piper Sandler reissued a “neutral” rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday. Two equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $89.17.

LyondellBasell Industries 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.