NewEdge Advisors LLC Has $1.62 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

NewEdge Advisors LLC cut its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,779 shares of the specialty chemicals company's stock after selling 4,348 shares during the quarter. NewEdge Advisors LLC's holdings in LyondellBasell Industries were worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LYB. NFJ Investment Group LLC increased its position in LyondellBasell Industries by 17.8% during the fourth quarter. NFJ Investment Group LLC now owns 29,879 shares of the specialty chemicals company's stock worth $2,219,000 after purchasing an additional 4,509 shares during the last quarter. Evergreen Capital Management LLC lifted its holdings in shares of LyondellBasell Industries by 174.1% during the 4th quarter. Evergreen Capital Management LLC now owns 14,388 shares of the specialty chemicals company's stock valued at $1,069,000 after acquiring an additional 9,139 shares in the last quarter. Dodge & Cox raised its holdings 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 valued at $1,260,052,000 after buying an additional 851,365 shares during the period. Jump Financial LLC boosted its stake in shares of LyondellBasell Industries by 69.0% in the fourth quarter. Jump Financial LLC now owns 9,540 shares of the specialty chemicals company's stock valued at $709,000 after purchasing an additional 3,894 shares during the period. Finally, Bridgewater Associates LP grew its holdings in LyondellBasell Industries by 90.5% during the 4th quarter. Bridgewater Associates LP now owns 49,501 shares of the specialty chemicals company's stock valued at $3,676,000 after purchasing an additional 23,521 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

Shares of LYB stock traded down $0.27 during midday trading on Tuesday, reaching $58.46. 905,015 shares of the company were exchanged, compared to its average volume of 2,504,661. The company's 50 day moving average price is $67.31 and its two-hundred day moving average price is $75.44. 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 company has a market cap of $18.87 billion, a P/E ratio of 14.15, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $7.69 billion. During the same period in the previous year, the business posted $1.53 earnings per share. The business's revenue for the quarter was down 7.6% compared to the same quarter last year. On average, sell-side analysts expect 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 paid a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.17%. LyondellBasell Industries's dividend payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LYB shares. Wells Fargo & Company cut their target price 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. UBS Group reissued a "sell" rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Royal Bank of Canada downgraded LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research note on Wednesday, April 9th. Piper Sandler reduced their target price on LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, The Goldman Sachs Group lowered 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. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average price target of $74.75.

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.