Todd Asset Management LLC Sells 7,985 Shares of LyondellBasell Industries (NYSE:LYB)

Todd Asset Management LLC lowered its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 324,831 shares of the specialty chemicals company's stock after selling 7,985 shares during the quarter. Todd Asset Management LLC owned 0.10% of LyondellBasell Industries worth $30,885,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Mutual Advisors LLC grew its position in shares of LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company's stock valued at $1,362,000 after purchasing an additional 111 shares during the last quarter. Czech National Bank increased its position in LyondellBasell Industries by 0.3% during the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company's stock worth $4,267,000 after buying an additional 116 shares in the last quarter. Cambridge Trust Co. raised its holdings in shares of LyondellBasell Industries by 26.0% in the third quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company's stock worth $54,000 after acquiring an additional 117 shares during the last quarter. Cowa LLC lifted its position in shares of LyondellBasell Industries by 3.7% in the third quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company's stock valued at $312,000 after acquiring an additional 117 shares in the last quarter. Finally, First Trust Direct Indexing L.P. boosted its stake in shares of LyondellBasell Industries by 2.0% during the third quarter. First Trust Direct Indexing L.P. now owns 6,951 shares of the specialty chemicals company's stock valued at $658,000 after acquiring an additional 134 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company's stock in a transaction that occurred 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 completion of the transaction, 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 can be accessed through the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The transaction 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 firm's stock in a transaction that occurred on 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 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 sold a total of 80,853 shares of company stock valued at $8,077,267 in the last quarter. Insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Up 0.3 %

NYSE LYB traded up $0.34 during mid-day trading on Friday, reaching $99.12. 1,506,977 shares of the company's stock traded hands, compared to its average volume of 1,611,830. The company has a fifty day simple moving average of $101.07 and a 200-day simple moving average of $96.74. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The company has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.43 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company's revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.50 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.04%. LyondellBasell Industries's payout ratio is currently 77.28%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted 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. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a "hold" rating in a report on Tuesday, April 30th. BMO Capital Markets increased their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a "market perform" rating in a research report on Tuesday, April 30th. Finally, Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a report on Wednesday, April 10th. One investment 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $104.75.

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.