LyondellBasell Industries (NYSE:LYB) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,995 shares of the specialty chemicals company's stock after selling 6,887 shares during the quarter. Fiduciary Trust Co's holdings in LyondellBasell Industries were worth $2,376,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC lifted its stake in shares of LyondellBasell Industries by 7.3% during the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock valued at $90,933,000 after buying an additional 64,359 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock worth $29,489,000 after purchasing an additional 18,311 shares during the period. JPMorgan Chase & Co. lifted its position in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after buying an additional 187,150 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of LyondellBasell Industries by 58.0% in the fourth quarter. GAMMA Investing LLC now owns 1,924 shares of the specialty chemicals company's stock valued at $143,000 after acquiring an additional 706 shares in the last quarter. Finally, Ridgewood Investments LLC lifted its stake in LyondellBasell Industries by 20.2% in the 4th quarter. Ridgewood Investments LLC now owns 16,503 shares of the specialty chemicals company's stock worth $1,226,000 after purchasing an additional 2,771 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LYB shares. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Fermium Researc raised shares of LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. Piper Sandler decreased their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. StockNews.com downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, BMO Capital Markets lowered their target price on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a research note on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $69.75.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now directly 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Down 0.5%

NYSE LYB traded down $0.33 during mid-day trading on Tuesday, reaching $60.35. The stock had a trading volume of 3,190,668 shares, compared to its average volume of 2,578,362. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $101.94. The stock has a market cap of $19.40 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a fifty day moving average price of $63.60 and a 200 day moving average price of $73.15.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. On average, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 8.88%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is presently 165.43%.

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.