LyondellBasell Industries (NYSE:LYB) Shares Sold by Busey Bank

Busey Bank lowered its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 24.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 61,754 shares of the specialty chemicals company's stock after selling 19,931 shares during the quarter. Busey Bank's holdings in LyondellBasell Industries were worth $5,871,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Vanguard Group Inc. lifted its holdings in LyondellBasell Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company's stock valued at $3,172,226,000 after purchasing an additional 335,124 shares in the last quarter. State Street Corp raised its holdings in shares of LyondellBasell Industries by 2.9% during the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company's stock worth $1,266,977,000 after acquiring an additional 348,169 shares during the period. FMR LLC raised its holdings in shares of LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company's stock worth $796,290,000 after acquiring an additional 787,221 shares during the period. Morgan Stanley raised its holdings in LyondellBasell Industries by 9.9% in the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company's stock valued at $597,140,000 after buying an additional 569,887 shares during the period. Finally, Federated Hermes Inc. raised its holdings in LyondellBasell Industries by 4.0% in the 3rd quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company's stock valued at $536,752,000 after buying an additional 217,461 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares of the company's stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares of the company's stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm's stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.12% of the company's stock.

LyondellBasell Industries Stock Down 0.9 %

LYB stock traded down $0.95 during mid-day trading on Monday, hitting $103.83. The stock had a trading volume of 1,745,208 shares, compared to its average volume of 2,010,669. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $33.69 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 1.27 and a beta of 1.19. The company has a fifty day moving average of $99.16 and a 200 day moving average of $95.77. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. During the same quarter in the prior year, the business posted $1.29 EPS. LyondellBasell Industries's revenue was down 6.6% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries will post 8.81 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.82%. LyondellBasell Industries's dividend payout ratio is 77.28%.

Analyst Ratings Changes

LYB has been the subject of several research reports. Vertical Research raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a "buy" rating to a "hold" rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Barclays upped their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and a consensus target price of $102.17.

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.