Park Avenue Securities LLC Reduces Stock Position in LyondellBasell Industries (NYSE:LYB)

Park Avenue Securities LLC cut its stake in LyondellBasell Industries (NYSE:LYB) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,846 shares of the specialty chemicals company’s stock after selling 3,124 shares during the period. Park Avenue Securities LLC’s holdings in LyondellBasell Industries were worth $1,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. CVA Family Office LLC grew its position in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Matrix Trust Co purchased a new position in LyondellBasell Industries in the third quarter worth approximately $30,000. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the third quarter worth approximately $31,000. Finally, Fortitude Family Office LLC grew its position in LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 290 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Stock Up 0.9 %

Shares of NYSE LYB opened at $77.35 on Friday. The stock has a market cap of $25.12 billion, a P/E ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The business’s fifty day simple moving average is $77.63 and its 200-day simple moving average is $88.46.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 earnings per share. As a group, equities analysts predict that LyondellBasell Industries will post 6.8 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Analyst Ratings Changes

Several brokerages recently weighed in on LYB. 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. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Morgan Stanley lowered their price objective on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Finally, Mizuho decreased their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $94.33.

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.