LyondellBasell Industries (NYSE:LYB) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC cut its position in LyondellBasell Industries (NYSE:LYB) by 73.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,235 shares of the specialty chemicals company’s stock after selling 33,982 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in LyondellBasell Industries were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Cairn Investment Group Inc. grew its holdings in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after purchasing an additional 155 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of LyondellBasell Industries by 1.0% in the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after purchasing an additional 173 shares in the last quarter. Alliance Wealth Advisors LLC UT grew its stake in shares of LyondellBasell Industries by 5.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after acquiring an additional 177 shares in the last quarter. Finally, Y.D. More Investments Ltd grew its stake in shares of LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 194 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $76.48 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a market capitalization of $24.74 billion, a PE ratio of 18.47, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a fifty day moving average of $76.10 and a two-hundred day moving average of $83.45.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the firm earned $1.26 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.01%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.25.

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.