Cary Street Partners Asset Management LLC Sells 1,203 Shares of LyondellBasell Industries (NYSE:LYB)

Cary Street Partners Asset Management LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,763 shares of the specialty chemicals company’s stock after selling 1,203 shares during the quarter. Cary Street Partners Asset Management LLC’s holdings in LyondellBasell Industries were worth $2,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LYB. Accurate Wealth Management LLC increased its holdings in shares of LyondellBasell Industries by 6.7% in the third quarter. Accurate Wealth Management LLC now owns 6,138 shares of the specialty chemicals company’s stock worth $582,000 after purchasing an additional 384 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in LyondellBasell Industries by 3.1% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company’s stock worth $3,446,000 after acquiring an additional 1,095 shares in the last quarter. Xponance Inc. grew its position in LyondellBasell Industries by 1.7% in the third quarter. Xponance Inc. now owns 35,140 shares of the specialty chemicals company’s stock worth $3,328,000 after acquiring an additional 586 shares in the last quarter. Pinnacle Associates Ltd. grew its position in LyondellBasell Industries by 5.4% in the third quarter. Pinnacle Associates Ltd. now owns 29,138 shares of the specialty chemicals company’s stock worth $2,759,000 after acquiring an additional 1,501 shares in the last quarter. Finally, Dakota Wealth Management grew its position in LyondellBasell Industries by 6.3% in the third quarter. Dakota Wealth Management now owns 3,484 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 208 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.5 %

Shares of NYSE:LYB traded down $0.51 during trading on Wednesday, reaching $99.46. 464,685 shares of the stock traded hands, compared to its average volume of 1,916,195. The stock has a 50-day moving average of $101.02 and a two-hundred day moving average of $96.63. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a market cap of $32.39 billion, a P/E ratio of 15.45, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company posted $2.50 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Wall Street Analyst Weigh In

Several analysts have issued reports on LYB shares. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Mizuho upped their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Finally, Barclays increased their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $104.75.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 in the last 90 days. 0.11% of the stock is currently owned by insiders.

About LyondellBasell Industries

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.