Nisa Investment Advisors LLC Sells 11,861 Shares of LyondellBasell Industries (NYSE:LYB)

Nisa Investment Advisors LLC reduced its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 48,124 shares of the specialty chemicals company's stock after selling 11,861 shares during the quarter. Nisa Investment Advisors LLC's holdings in LyondellBasell Industries were worth $4,576,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Blair William & Co. IL increased its holdings in LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company's stock worth $1,112,000 after purchasing an additional 107 shares in the last quarter. Mutual Advisors LLC increased its holdings in LyondellBasell Industries by 0.8% during the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company's stock worth $1,362,000 after purchasing an additional 111 shares in the last quarter. Paragon Capital Management Ltd increased its holdings in LyondellBasell Industries by 4.6% during the 3rd quarter. Paragon Capital Management Ltd now owns 2,575 shares of the specialty chemicals company's stock worth $244,000 after purchasing an additional 113 shares in the last quarter. Covestor Ltd increased its holdings in LyondellBasell Industries by 33.9% during the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company's stock worth $46,000 after purchasing an additional 113 shares in the last quarter. Finally, Bell & Brown Wealth Advisors LLC increased its holdings in LyondellBasell Industries by 1.0% during the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 11,133 shares of the specialty chemicals company's stock worth $1,022,000 after purchasing an additional 115 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $1.38 during trading on Friday, hitting $101.53. The stock had a trading volume of 1,425,705 shares, compared to its average volume of 1,966,133. The firm has a market cap of $33.04 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 1.28 and a beta of 1.19. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The business's 50-day moving average is $99.88 and its 200 day moving average is $95.99. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company's revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.92%. LyondellBasell Industries's dividend payout ratio is presently 77.28%.

Analysts Set New Price Targets

A number of analysts have commented on the company. JPMorgan Chase & Co. boosted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an "overweight" rating in a report on Friday, March 22nd. Wells Fargo & Company boosted their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Wolfe Research started coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an "underperform" rating on the stock. Vertical Research upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 3rd. Finally, Barclays boosted their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $102.67.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Kenneth Todd Lane sold 29,229 shares of the company's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares of the company's stock, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 over the last three months. Company insiders own 0.12% of the company's stock.

About LyondellBasell Industries

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.