LyondellBasell Industries (NYSE:LYB) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,999 shares of the specialty chemicals company’s stock after selling 424 shares during the quarter. Stanley Laman Group Ltd.’s holdings in LyondellBasell Industries were worth $3,233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $14,000,000. Invesco Ltd. boosted its holdings in LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after buying an additional 815,083 shares in the last quarter. Arvest Investments Inc. purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $2,001,000. Oak Thistle LLC acquired a new position in LyondellBasell Industries during the fourth quarter worth about $1,426,000. Finally, Cerity Partners LLC raised its position in LyondellBasell Industries by 390.4% during the fourth quarter. Cerity Partners LLC now owns 77,917 shares of the specialty chemicals company’s stock worth $7,409,000 after acquiring an additional 62,030 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 approximately $1,233,246.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 1.1 %

Shares of LYB stock traded down $1.10 on Thursday, hitting $99.68. The stock had a trading volume of 1,717,736 shares, compared to its average volume of 1,917,153. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.24 and a beta of 1.19. The stock’s 50 day moving average is $100.78 and its 200-day moving average is $96.41. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued 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 dividend yield of 5.02%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Wednesday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $107.00 target price on shares of LyondellBasell Industries in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.