Benjamin Edwards Inc. Sells 29,676 Shares of LyondellBasell Industries (NYSE:LYB)

Benjamin Edwards Inc. lessened its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 74.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,044 shares of the specialty chemicals company's stock after selling 29,676 shares during the quarter. Benjamin Edwards Inc.'s holdings in LyondellBasell Industries were worth $746,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Dodge & Cox lifted its stake in shares of LyondellBasell Industries by 5.3% during the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after buying an additional 851,365 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 7.0% in the fourth 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 position 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 valued at $512,913,000 after acquiring an additional 199,054 shares during the period. Invesco Ltd. boosted 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 acquiring an additional 694,055 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 period. Institutional investors and hedge funds own 71.20% of the company's stock.

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 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 transaction, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Down 1.3%

Shares of LyondellBasell Industries stock traded down $0.77 on Thursday, hitting $58.40. The stock had a trading volume of 1,082,854 shares, compared to its average volume of 2,583,821. The stock has a 50 day moving average of $62.93 and a 200 day moving average of $72.96. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $101.94. 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 $18.77 billion, a P/E ratio of 14.10, a PEG ratio of 0.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The business's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 EPS. Sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.18%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is presently 165.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup reduced their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. The Goldman Sachs Group reduced their target price on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research report on Monday, April 28th. BMO Capital Markets dropped their price target 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. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Company 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.