LyondellBasell Industries (NYSE:LYB) Shares Sold by Beacon Pointe Advisors LLC

Beacon Pointe Advisors LLC trimmed its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 76.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 11,108 shares of the specialty chemicals company's stock after selling 36,650 shares during the period. Beacon Pointe Advisors LLC's holdings in LyondellBasell Industries were worth $825,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also modified their holdings of LYB. JPMorgan Chase & Co. lifted its stake in LyondellBasell Industries by 3.7% in 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 last quarter. Fifth Third Wealth Advisors LLC grew its holdings in LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after buying an additional 8,691 shares in the last quarter. Sound Income Strategies LLC increased its position in LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after acquiring an additional 20,310 shares during the period. Merrion Investment Management Co LLC bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $503,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of LyondellBasell Industries by 26.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after purchasing an additional 3,958 shares during the period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $2.35 during midday trading on Thursday, hitting $57.96. 830,314 shares of the stock traded hands, compared to its average volume of 2,545,506. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The firm has a 50-day moving average of $64.57 and a two-hundred day moving average of $74.00. 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 firm has a market capitalization of $18.63 billion, a P/E ratio of 14.00, a PEG ratio of 0.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries's revenue was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 earnings per share. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal 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 annualized dividend and a yield of 9.25%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is presently 165.43%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LYB shares. BMO Capital Markets lowered their price objective on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. Citigroup reduced their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. UBS Group reaffirmed a "sell" rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Finally, Royal Bank of Canada reduced their target price on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.75.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

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.