LyondellBasell Industries (NYSE:LYB) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 11.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,012,465 shares of the specialty chemicals company's stock after selling 655,459 shares during the quarter. LyondellBasell Industries accounts for approximately 1.2% of Federated Hermes Inc.'s investment portfolio, making the stock its 6th largest holding. Federated Hermes Inc. owned 1.55% of LyondellBasell Industries worth $476,585,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Daiwa Securities Group Inc. increased its position in shares of LyondellBasell Industries by 6.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 23,272 shares of the specialty chemicals company's stock valued at $2,213,000 after buying an additional 1,321 shares in the last quarter. TRUE Private Wealth Advisors increased its position in shares of LyondellBasell Industries by 7.2% in the fourth quarter. TRUE Private Wealth Advisors now owns 2,444 shares of the specialty chemicals company's stock valued at $232,000 after buying an additional 165 shares in the last quarter. Tyche Wealth Partners LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at approximately $278,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of LyondellBasell Industries by 39.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 166,635 shares of the specialty chemicals company's stock valued at $15,844,000 after buying an additional 46,808 shares in the last quarter. Finally, Everence Capital Management Inc. increased its position in shares of LyondellBasell Industries by 36.7% in the fourth quarter. Everence Capital Management Inc. now owns 74,520 shares of the specialty chemicals company's stock valued at $7,085,000 after buying an additional 20,010 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the company's stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares of the company's stock, valued at approximately $9,101,476.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last quarter. Insiders own 0.12% of the company's stock.

LyondellBasell Industries Trading Down 0.3 %

NYSE LYB traded down $0.30 on Thursday, reaching $99.40. 1,954,617 shares of the company were exchanged, compared to its average volume of 1,945,231. The business's fifty day moving average price is $100.31 and its 200 day moving average price is $96.13. The stock has a market capitalization of $32.35 billion, a P/E ratio of 15.36, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. 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 has a fifty-two week low of $84.80 and a fifty-two week high of $106.69.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. During the same period last year, the company earned $1.29 EPS. The business's revenue for the quarter was down 6.6% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries's dividend payout ratio (DPR) is presently 77.28%.

Analysts Set New Price Targets

A number of research firms have recently commented on LYB. Vertical Research upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Wednesday, January 3rd. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Barclays boosted their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $107.00 price target on shares of LyondellBasell Industries in a research report on Monday, February 5th. Finally, Citigroup boosted their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $103.82.

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.