Bison Wealth LLC Sells 4,919 Shares of LyondellBasell Industries (NYSE:LYB)

Bison Wealth LLC cut its holdings in LyondellBasell Industries (NYSE:LYB – Get Rating) by 62.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,957 shares of the specialty chemicals company’s stock after selling 4,919 shares during the quarter. Bison Wealth LLC’s holdings in LyondellBasell Industries were worth $279,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. CI Investments Inc. raised its holdings in shares of LyondellBasell Industries by 1,006.5% during the 3rd quarter. CI Investments Inc. now owns 343 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 312 shares in the last quarter. Kistler Tiffany Companies LLC purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $31,000. US Asset Management LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $33,000. Ten Capital Wealth Advisors LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $32,000. Finally, Covestor Ltd increased its position in shares of LyondellBasell Industries by 33.9% during the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 113 shares during the last quarter. 91.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on LyondellBasell Industries from $130.00 to $121.00 in a research report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $100.00 to $110.00 in a research report on Monday, May 1st. Barclays upped their price objective on LyondellBasell Industries from $98.00 to $100.00 in a research report on Monday, May 1st. BMO Capital Markets increased their price target on LyondellBasell Industries from $99.00 to $102.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 8th. Finally, Mizuho increased their price target on LyondellBasell Industries from $89.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $99.37.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $0.90 during midday trading on Friday, hitting $87.87. The stock had a trading volume of 71,601 shares, compared to its average volume of 1,963,878. LyondellBasell Industries has a 1 year low of $71.46 and a 1 year high of $117.22. The company has a quick ratio of 1.05, a current ratio of 1.85 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $28.58 billion, a PE ratio of 9.61, a P/E/G ratio of 1.15 and a beta of 1.21. The stock has a 50 day simple moving average of $91.74 and a 200-day simple moving average of $90.25.

LyondellBasell Industries (NYSE:LYB – Get Rating) last issued its quarterly earnings data on Friday, April 28th. The specialty chemicals company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.70. LyondellBasell Industries had a return on equity of 28.95% and a net margin of 6.40%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.80 billion. During the same period in the previous year, the firm posted $4.00 earnings per share. The company’s revenue was down 22.1% on a year-over-year basis. On average, sell-side analysts expect that LyondellBasell Industries will post 9.72 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Tuesday, May 30th will be paid a $1.25 dividend. The ex-dividend date is Friday, May 26th. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.19. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.69%. LyondellBasell Industries’s payout ratio is presently 51.52%.

LyondellBasell Industries Company Profile

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LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.