LyondellBasell Industries (NYSE:LYB) Shares Sold by 1834 Investment Advisors Co.

1834 Investment Advisors Co. reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 24.1% during the 4th quarter, HoldingsChannel reports. The firm owned 13,764 shares of the specialty chemicals company’s stock after selling 4,373 shares during the quarter. 1834 Investment Advisors Co.’s holdings in LyondellBasell Industries were worth $1,022,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. CVA Family Office LLC increased its stake in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at about $30,000. Rosenberg Matthew Hamilton increased its position 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 purchasing an additional 295 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter worth about $31,000. Finally, Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 0.1 %

Shares of NYSE:LYB opened at $77.45 on Friday. The company has a market cap of $25.15 billion, a PE ratio of 11.79, a P/E/G ratio of 5.07 and a beta of 1.06. The company’s 50 day moving average is $77.02 and its two-hundred day moving average is $87.86. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 EPS. Equities analysts predict that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LYB shares. Piper Sandler reissued a “neutral” rating and set a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Barclays lowered their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada cut their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $94.33.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

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.