Sequoia Financial Advisors LLC Sells 2,809 Shares of LyondellBasell Industries (NYSE:LYB)

Sequoia Financial Advisors LLC lowered its holdings in LyondellBasell Industries (NYSE:LYB) by 26.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,650 shares of the specialty chemicals company’s stock after selling 2,809 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in LyondellBasell Industries were worth $568,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its position in shares of LyondellBasell Industries by 7.8% during the 4th quarter. Moors & Cabot Inc. now owns 3,563 shares of the specialty chemicals company’s stock worth $265,000 after buying an additional 259 shares during the period. AGF Management Ltd. acquired a new position in LyondellBasell Industries during the fourth quarter worth $2,308,000. Wealthfront Advisers LLC lifted its holdings in shares of LyondellBasell Industries by 42.0% during the fourth quarter. Wealthfront Advisers LLC now owns 68,064 shares of the specialty chemicals company’s stock valued at $5,055,000 after acquiring an additional 20,138 shares during the period. Inspire Advisors LLC boosted its stake in shares of LyondellBasell Industries by 7.7% in the 4th quarter. Inspire Advisors LLC now owns 6,506 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 466 shares in the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of LyondellBasell Industries by 18.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 5,119 shares of the specialty chemicals company’s stock worth $380,000 after purchasing an additional 781 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.4 %

Shares of NYSE:LYB opened at $75.20 on Tuesday. The company has a 50 day moving average price of $76.11 and a two-hundred day moving average price of $82.60. The company has a market capitalization of $24.32 billion, a PE ratio of 18.16, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52 week low of $71.81 and a 52 week 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.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the business earned $1.26 EPS. Analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.13%. LyondellBasell Industries’s dividend payout ratio (DPR) is 129.47%.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the business’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 acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent analyst reports. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Piper Sandler decreased their target price on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada lifted their price target on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, UBS Group dropped their target price 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, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $88.25.

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.