Wambolt & Associates LLC Sells 5,486 Shares of LyondellBasell Industries (NYSE:LYB)

Wambolt & Associates LLC lessened its position in LyondellBasell Industries (NYSE:LYB) by 19.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,869 shares of the specialty chemicals company’s stock after selling 5,486 shares during the quarter. Wambolt & Associates LLC’s holdings in LyondellBasell Industries were worth $1,699,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LYB. Webster Bank N. A. grew its stake in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries in the fourth quarter worth $37,000. Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries during the third quarter worth $60,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at $59,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LYB shares. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays lowered their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Finally, Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating 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 given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Trading Up 0.5 %

Shares of LyondellBasell Industries stock opened at $71.88 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. The stock’s 50 day simple moving average is $76.05 and its 200-day simple moving average is $81.77. LyondellBasell Industries has a 1-year low of $70.75 and a 1-year high of $107.02. The stock has a market cap of $23.25 billion, a P/E ratio of 17.36, a P/E/G ratio of 0.97 and a beta of 1.06.

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

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.46%. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

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.