Duality Advisers LP Decreases Stock Position in LyondellBasell Industries (NYSE:LYB)

Duality Advisers LP cut its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 43.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,970 shares of the specialty chemicals company's stock after selling 12,992 shares during the quarter. Duality Advisers LP's holdings in LyondellBasell Industries were worth $1,614,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Valley National Advisers Inc. bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $26,000. FSC Wealth Advisors LLC bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $26,000. Venturi Wealth Management LLC boosted its stake in LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company's stock valued at $29,000 after purchasing an additional 242 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its stake in LyondellBasell Industries by 133.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 393 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 225 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business's stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 value of $2,899,224.51. Following the completion of the sale, the executive vice president now 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 80,853 shares of company stock worth $8,077,267 in the last 90 days. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on LYB shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a report on Monday, February 5th. Wells Fargo & Company lifted their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the company an "overweight" rating in a report on Tuesday, April 2nd. Barclays lifted their price objective on LyondellBasell Industries from $98.00 to $100.00 and gave the company an "equal weight" rating in a report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a "buy" rating to a "hold" rating and set a $105.00 price objective for the company. in a report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $103.82.

LyondellBasell Industries Price Performance

LYB stock traded down $0.04 during midday trading on Tuesday, reaching $100.55. 1,093,910 shares of the stock were exchanged, compared to its average volume of 1,929,701. The stock has a market capitalization of $32.72 billion, a PE ratio of 15.54, a P/E/G ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The company has a fifty day moving average price of $100.61 and a 200 day moving average price of $96.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.33 by ($0.07). The firm had revenue of $9.93 billion for 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 was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. As a group, analysts expect that LyondellBasell Industries will post 8.63 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.97%. LyondellBasell Industries's dividend payout ratio is currently 77.28%.

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.