MML Investors Services LLC Sells 13,741 Shares of LyondellBasell Industries (NYSE:LYB)

MML Investors Services LLC lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 12.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,787 shares of the specialty chemicals company's stock after selling 13,741 shares during the quarter. MML Investors Services LLC's holdings in LyondellBasell Industries were worth $6,966,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in LYB. Webster Bank N. A. lifted its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its holdings in LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after purchasing an additional 177 shares during the period. Y.D. More Investments Ltd grew its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock valued at $111,000 after purchasing an additional 194 shares during the last quarter. Finally, Caprock Group LLC raised its position in shares of LyondellBasell Industries by 5.8% in the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company's stock valued at $298,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $0.82 on Wednesday, reaching $58.01. The stock had a trading volume of 636,523 shares, compared to its average volume of 2,511,042. The company has a market capitalization of $18.73 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The stock has a fifty day moving average price of $66.94 and a 200-day moving average price of $75.33. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $107.02.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.24%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of research analyst reports. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, April 4th. BMO Capital Markets cut 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. The Goldman Sachs Group lowered their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $70.67.

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.