Yousif Capital Management LLC Sells 2,447 Shares of LyondellBasell Industries (NYSE:LYB)

Yousif Capital Management LLC lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 5.8% during the 4th quarter, HoldingsChannel reports. The firm owned 39,721 shares of the specialty chemicals company’s stock after selling 2,447 shares during the period. Yousif Capital Management LLC’s holdings in LyondellBasell Industries were worth $3,777,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its holdings in shares of LyondellBasell Industries by 35.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after acquiring an additional 935,430 shares during the last quarter. Invesco Ltd. increased its position in shares of LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after purchasing an additional 815,083 shares during the last quarter. FMR LLC raised its holdings in LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after buying an additional 787,221 shares during the period. ANTIPODES PARTNERS Ltd bought a new stake in LyondellBasell Industries in the third quarter worth $67,160,000. Finally, Bank of Nova Scotia boosted its stake in LyondellBasell Industries by 3,162.5% during the third quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company’s stock worth $58,170,000 after buying an additional 595,431 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 10th. Wells Fargo & Company boosted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Wolfe Research started coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Up 2.5 %

Shares of LyondellBasell Industries stock opened at $102.13 on Friday. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 15.79, a PEG ratio of 1.25 and a beta of 1.19. The firm’s 50-day moving average is $100.87 and its two-hundred day moving average is $96.50.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. LyondellBasell Industries’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.50 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

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.