Texas Yale Capital Corp. Cuts Stock Position in LyondellBasell Industries (NYSE:LYB)

Texas Yale Capital Corp. lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 72.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,188 shares of the specialty chemicals company’s stock after selling 11,066 shares during the quarter. Texas Yale Capital Corp.’s holdings in LyondellBasell Industries were worth $311,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYB. Webster Bank N. A. boosted its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares in the last quarter. Rosenberg Matthew Hamilton lifted its holdings in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $37,000. Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $59,000. Finally, Crews Bank & Trust acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $85,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $59.90 on Thursday. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $107.02. The business’s fifty day simple moving average is $72.41 and its 200-day simple moving average is $79.02. The firm has a market cap of $19.37 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 business posted $1.26 earnings per share. Equities analysts forecast 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LYB. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group dropped their price target 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. Piper Sandler dropped their price target on LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating for the company in a research report on Monday. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, April 4th. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $76.50.

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.