Ieq Capital LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,659 shares of the specialty chemicals company’s stock after selling 204 shares during the quarter. Ieq Capital LLC’s holdings in LyondellBasell Industries were worth $387,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of LYB. Blair William & Co. IL lifted its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the last quarter. Covestor Ltd lifted its holdings in shares of LyondellBasell Industries by 33.9% during the first 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. Securian Asset Management Inc. boosted its position in shares of LyondellBasell Industries by 0.6% in the 4th quarter. Securian Asset Management Inc. now owns 20,833 shares of the specialty chemicals company’s stock valued at $1,730,000 after purchasing an additional 117 shares during the period. Naples Global Advisors LLC raised its holdings in LyondellBasell Industries by 1.5% during the 4th quarter. Naples Global Advisors LLC now owns 8,336 shares of the specialty chemicals company’s stock worth $692,000 after buying an additional 120 shares during the period. Finally, Heron Financial Group LLC lifted its stake in LyondellBasell Industries by 0.6% during the third quarter. Heron Financial Group LLC now owns 20,193 shares of the specialty chemicals company’s stock valued at $1,520,000 after buying an additional 125 shares in the last quarter. 91.12% of the stock is currently owned by hedge funds and other institutional investors.
LyondellBasell Industries Trading Up 3.6 %
NYSE:LYB opened at $94.61 on Friday. The company has a market capitalization of $30.79 billion, a P/E ratio of 8.02, a P/E/G ratio of 1.27 and a beta of 1.21. The stock’s 50 day moving average price is $92.77 and its 200 day moving average price is $88.90. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.75. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $117.22.
LyondellBasell Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 13th. Shareholders of record on Monday, March 6th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, March 3rd. This represents a $4.76 annualized dividend and a yield of 5.03%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 40.34%.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on LYB shares. Mizuho lifted their target price on shares of LyondellBasell Industries from $89.00 to $91.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Bank of America boosted their target price on shares of LyondellBasell Industries from $77.00 to $90.00 and gave the company an “underperform” rating in a research note on Monday, February 6th. BMO Capital Markets raised their target price 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. KeyCorp lifted their price target on LyondellBasell Industries from $74.00 to $84.00 and gave the company an “underweight” rating in a report on Tuesday, April 11th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $130.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, March 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $99.21.
Insiders Place Their Bets
In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $98.99, for a total transaction of $989,900.00. Following the transaction, the executive vice president now owns 47,600 shares of the company’s stock, valued at approximately $4,711,924. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.
About LyondellBasell Industries
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.
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