Lido Advisors LLC Cuts Position in LyondellBasell Industries (NYSE:LYB)

Lido Advisors LLC cut its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,672 shares of the specialty chemicals company's stock after selling 5,095 shares during the period. Lido Advisors LLC's holdings in LyondellBasell Industries were worth $1,684,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of LYB. Dodge & Cox raised its position in shares of LyondellBasell Industries by 5.3% in the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after purchasing an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. raised 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 valued at $637,394,000 after acquiring an additional 558,137 shares during the period. Geode Capital Management LLC boosted its holdings in shares of LyondellBasell Industries by 3.0% in the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after acquiring an additional 199,054 shares during the period. Invesco Ltd. grew its position in shares of LyondellBasell Industries by 13.5% in the fourth quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after purchasing an additional 694,055 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 purchasing an additional 187,150 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.5 %

NYSE:LYB traded down $0.26 during midday trading on Tuesday, reaching $55.96. 2,176,136 shares of the stock traded hands, compared to its average volume of 2,543,975. The stock has a market capitalization of $17.98 billion, a P/E ratio of 13.52, a PEG ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The company has a fifty day moving average of $65.40 and a 200 day moving average of $74.25.

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

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.58%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 165.43%.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a report on Friday, April 25th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. BMO Capital Markets cut their price target on shares of 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. Finally, UBS Group reaffirmed a "sell" rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $69.75.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company's stock.

LyondellBasell Industries 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.