Simplicity Solutions LLC Has $1.28 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Simplicity Solutions LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,413 shares of the specialty chemicals company’s stock after selling 334 shares during the quarter. Simplicity Solutions LLC’s holdings in LyondellBasell Industries were worth $1,275,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LYB. JPMorgan Chase & Co. raised its position in shares of LyondellBasell Industries by 250.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,331,930 shares of the specialty chemicals company’s stock valued at $406,726,000 after buying an additional 3,096,710 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 205.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock worth $458,010,000 after purchasing an additional 2,995,335 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of LyondellBasell Industries by 170.5% in the 4th quarter. Alliancebernstein L.P. now owns 3,331,033 shares of the specialty chemicals company’s stock valued at $276,576,000 after purchasing an additional 2,099,644 shares in the last quarter. Barclays PLC increased its stake in shares of LyondellBasell Industries by 490.9% in the 2nd quarter. Barclays PLC now owns 1,464,618 shares of the specialty chemicals company’s stock valued at $134,495,000 after purchasing an additional 1,216,737 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of LyondellBasell Industries by 35.5% during the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after buying an additional 935,430 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup raised their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo & Company increased their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.12% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Down 1.1 %

Shares of LYB stock opened at $100.46 on Tuesday. The stock has a 50-day moving average of $100.02 and a 200-day moving average of $96.05. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market cap of $32.69 billion, a price-to-earnings ratio of 15.53, a PEG ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same period in the prior year, the company posted $1.29 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.98%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is 77.28%.

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.