Beacon Pointe Advisors LLC Has $825,000 Stake in LyondellBasell Industries (NYSE:LYB)

Beacon Pointe Advisors LLC reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 76.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dodge & Cox grew its stake in shares of LyondellBasell Industries by 5.3% in the 4th 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 stake in LyondellBasell Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC raised its stake in 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 worth $512,913,000 after acquiring an additional 199,054 shares in the last quarter. Invesco Ltd. boosted its stake in shares of LyondellBasell Industries by 13.5% in the 4th 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. grew its holdings in shares of 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 worth $501,501,000 after purchasing an additional 187,150 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost 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 $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on LYB shares. Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Wells Fargo & Company cut their price objective 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. Citigroup lowered their target price on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research note on Tuesday, April 29th. Finally, UBS Group reiterated a "sell" rating and set a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Trading Down 0.5 %

NYSE:LYB traded down $0.26 during mid-day trading on Tuesday, hitting $55.96. The company had a trading volume of 3,070,378 shares, compared to its average volume of 2,546,209. The firm has a market cap of $17.98 billion, a P/E ratio of 13.52, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The business's fifty day moving average is $65.40 and its two-hundred day moving average is $74.25. 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 (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the prior year, the firm posted $1.53 EPS. The firm's revenue for the quarter was down 7.6% compared to the same quarter last year. As a group, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.58%. LyondellBasell Industries's payout ratio is 165.43%.

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.