LyondellBasell Industries (NYSE:LYB) Position Lessened by apricus wealth LLC

apricus wealth LLC reduced its position in LyondellBasell Industries (NYSE:LYB) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,348 shares of the specialty chemicals company’s stock after selling 1,715 shares during the period. apricus wealth LLC’s holdings in LyondellBasell Industries were worth $2,254,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in shares of LyondellBasell Industries by 8.1% during the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares in the last quarter. RFG Advisory LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter worth $363,000. IVC Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 6.6% during the 4th quarter. IVC Wealth Advisors LLC now owns 11,493 shares of the specialty chemicals company’s stock worth $854,000 after buying an additional 709 shares during the period. Inspire Investing LLC grew its stake in LyondellBasell Industries by 13.1% in the 4th quarter. Inspire Investing LLC now owns 4,551 shares of the specialty chemicals company’s stock valued at $338,000 after buying an additional 527 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in LyondellBasell Industries by 1.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 17,463 shares of the specialty chemicals company’s stock worth $1,297,000 after acquiring an additional 291 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on LYB shares. Piper Sandler reaffirmed a “neutral” rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Barclays cut their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Morgan Stanley decreased their price objective on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Stock Up 0.1 %

NYSE LYB opened at $77.45 on Friday. The stock’s 50 day simple moving average is $77.13 and its 200 day simple moving average is $87.98. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The firm has a market cap of $25.15 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the firm posted $2.46 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.92%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 81.58%.

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.