Quadrant Capital Group LLC Sells 626 Shares of LyondellBasell Industries (NYSE:LYB)

Quadrant Capital Group LLC cut its stake in LyondellBasell Industries (NYSE:LYB) by 35.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,129 shares of the specialty chemicals company’s stock after selling 626 shares during the period. Quadrant Capital Group LLC’s holdings in LyondellBasell Industries were worth $84,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of LYB. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock worth $637,394,000 after buying an additional 558,137 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company’s stock valued at $512,913,000 after acquiring an additional 199,054 shares during the period. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Amundi increased its position in LyondellBasell Industries by 48.6% in the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the period. Finally, Franklin Resources Inc. lifted its position in LyondellBasell Industries by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 2,894,956 shares of the specialty chemicals company’s stock valued at $215,008,000 after purchasing an additional 19,689 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $54.27 on Friday. The firm’s 50 day moving average price is $71.97 and its two-hundred day moving average price is $78.72. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. The firm has a market cap of $17.55 billion, a P/E ratio of 13.11, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last announced its 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 quarter last year, the business earned $1.26 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is presently 129.47%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group reissued a “sell” rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday. Royal Bank of Canada cut shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 target price for the company. in a research report on Wednesday. Wells Fargo & Company reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, April 4th. Morgan Stanley decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.