Sumitomo Mitsui Trust Holdings Inc. Sells 91,815 Shares of LyondellBasell Industries (NYSE:LYB)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 11.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 730,693 shares of the specialty chemicals company’s stock after selling 91,815 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.23% of LyondellBasell Industries worth $69,474,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Blair William & Co. IL lifted its stake in shares of LyondellBasell Industries by 1.0% in the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after purchasing an additional 107 shares during the period. Mutual Advisors LLC lifted its stake in shares of LyondellBasell Industries by 0.8% in the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $1,362,000 after purchasing an additional 111 shares during the period. Covestor Ltd lifted its stake in shares of LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 113 shares during the period. Bell & Brown Wealth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 1.0% in the 2nd quarter. Bell & Brown Wealth Advisors LLC now owns 11,133 shares of the specialty chemicals company’s stock worth $1,022,000 after purchasing an additional 115 shares during the period. Finally, Czech National Bank raised its stake in LyondellBasell Industries by 0.3% during the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after acquiring an additional 116 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.6 %

Shares of LYB opened at $99.70 on Thursday. 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 one year low of $84.80 and a one year high of $106.69. The stock has a market capitalization of $32.45 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.22 and a beta of 1.19. The stock has a 50 day moving average price of $100.22 and a 200 day moving average price of $96.11.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.02%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LYB. Wolfe Research began coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a research note on Monday, February 5th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. Barclays raised their target price 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, Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the sale, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 in the last three months. 0.12% of the stock is owned by corporate insiders.

LyondellBasell Industries 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.