LyondellBasell Industries (NYSE:LYB) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 33.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,716 shares of the specialty chemicals company’s stock after selling 12,988 shares during the period. Perigon Wealth Management LLC’s holdings in LyondellBasell Industries were worth $1,971,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC increased its stake in LyondellBasell Industries by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after purchasing an additional 159,803 shares in the last quarter. JPMorgan Chase & Co. increased its stake in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Quantinno Capital Management LP increased its stake in LyondellBasell Industries by 23.1% in the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock worth $5,936,000 after purchasing an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after purchasing an additional 8,691 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LYB shares. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 10th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Royal Bank of Canada lowered their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Mizuho lowered their target price 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. Finally, Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $94.33.

LyondellBasell Industries Stock Down 0.5 %

LYB opened at $77.89 on Thursday. The business has a 50 day moving average price of $76.85 and a 200 day moving average price of $87.56. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market cap of $25.29 billion, a P/E ratio of 11.85, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts forecast that LyondellBasell Industries will post 6.48 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.88%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 81.58%.

LyondellBasell Industries Company 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.