Wrapmanager Inc. Sells 191 Shares of LyondellBasell Industries (NYSE:LYB)

Wrapmanager Inc. decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.9% during the fourth quarter, HoldingsChannel reports. The fund owned 6,388 shares of the specialty chemicals company’s stock after selling 191 shares during the quarter. Wrapmanager Inc.’s holdings in LyondellBasell Industries were worth $607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $26,000. McIlrath & Eck LLC increased its position in shares of LyondellBasell Industries by 100.7% during the fourth 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 during the period. Venturi Wealth Management LLC lifted its holdings in shares of LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares in the last quarter. Finally, Webster Bank N. A. boosted 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 valued at $41,000 after acquiring an additional 423 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, 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 transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 in the last ninety days. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LYB shares. BMO Capital Markets upped their target price on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. 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 research note on Friday, March 22nd. Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Mizuho raised their price target on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Finally, Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Price Performance

Shares of LYB stock traded down $0.55 during trading hours on Thursday, hitting $101.63. 1,822,002 shares of the company’s stock were exchanged, compared to its average volume of 1,943,974. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $107.02. The company has a market capitalization of $33.09 billion, a PE ratio of 15.71, a PEG ratio of 1.43 and a beta of 1.18. The business’s 50 day simple moving average is $101.21 and its 200-day simple moving average is $96.90. 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) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the previous year, the firm posted $2.50 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.92%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 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.