LyondellBasell Industries (NYSE:LYB) Shares Sold by LSV Asset Management

LSV Asset Management cut its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,673,779 shares of the specialty chemicals company's stock after selling 129,180 shares during the quarter. LSV Asset Management owned 0.52% of LyondellBasell Industries worth $159,143,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in LyondellBasell Industries during the third quarter worth about $26,000. McIlrath & Eck LLC lifted its stake in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company's stock valued at $27,000 after buying an additional 141 shares in the last quarter. Venturi Wealth Management LLC grew 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 buying an additional 242 shares in the last quarter. Finally, Webster Bank N. A. raised its position in shares of LyondellBasell Industries by 7,050.0% in the fourth quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company's stock worth $41,000 after buying an additional 423 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company's stock, valued at $2,770,460.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares of the company's stock, valued at $2,770,460.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares of the company's stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LYB. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a "market perform" rating in a report on Tuesday. Mizuho upped their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a "hold" rating in a report on Tuesday. Barclays lifted their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average target price of $104.75.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $0.34 during trading hours on Friday, reaching $99.12. 1,506,977 shares of the company's stock were exchanged, compared to its average volume of 1,611,830. The firm has a market capitalization of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.42 and a beta of 1.18. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company has a 50-day moving average of $101.07 and a 200 day moving average of $96.71. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm's revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.50 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

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. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries's payout ratio is 77.28%.

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.