TD Private Client Wealth LLC Has $2.22 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

TD Private Client Wealth LLC trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 21.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 29,817 shares of the specialty chemicals company’s stock after selling 8,065 shares during the period. TD Private Client Wealth LLC’s holdings in LyondellBasell Industries were worth $2,215,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Webster Bank N. A. increased its position in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Cairn Investment Group Inc. increased its position in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after buying an additional 155 shares during the last quarter. Raymond James Trust N.A. increased its position in LyondellBasell Industries by 1.0% during the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock worth $1,677,000 after buying an additional 173 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after buying an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 194 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on LYB. Barclays lowered their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. UBS Group decreased their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Stock Down 1.5 %

NYSE LYB opened at $71.57 on Friday. 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 $76.12 and a 200 day simple moving average of $82.02. LyondellBasell Industries has a twelve month low of $70.75 and a twelve month high of $107.02. The stock has a market cap of $23.15 billion, a PE ratio of 17.29, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 in the prior year, the firm posted $1.26 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.