Schonfeld Strategic Advisors LLC Has $3.17 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Schonfeld Strategic Advisors LLC lessened its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 49.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,616 shares of the specialty chemicals company's stock after selling 42,014 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in LyondellBasell Industries were worth $3,165,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries in the fourth quarter valued at about $37,000. Covestor Ltd increased its stake in shares of LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after acquiring an additional 284 shares during the last quarter. Finally, Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at approximately $59,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the business'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 acquisition, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday, April 28th. Citigroup lowered their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a report on Tuesday, April 29th. Barclays cut their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a report on Thursday, May 1st. Finally, StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Three equities research 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.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Stock Down 0.5 %

NYSE LYB traded down $0.26 during trading hours on Tuesday, hitting $55.96. 3,070,378 shares of the company traded hands, compared to its average volume of 2,549,914. The stock has a market capitalization of $17.98 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. The business's 50-day moving average is $65.40 and its 200-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 released its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share 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 the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries's quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

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.