LyondellBasell Industries (NYSE:LYB) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC cut its holdings in LyondellBasell Industries (NYSE:LYB) by 44.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 59,886 shares of the specialty chemicals company’s stock after selling 48,123 shares during the period. Natixis Advisors LLC’s holdings in LyondellBasell Industries were worth $4,448,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries during the fourth quarter worth $37,000. Pinnacle Bancorp Inc. acquired a new position in LyondellBasell Industries during the fourth quarter worth $59,000. Finally, Brooklyn Investment Group acquired a new position in LyondellBasell Industries during the third quarter worth $60,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LYB shares. The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Barclays decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Monday, February 3rd. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. UBS Group reduced their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 3rd. Finally, Morgan Stanley reduced their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $88.25.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $71.57 on Friday. The firm has a market capitalization of $23.15 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The business’s fifty day moving average price is $76.12 and its 200 day moving average price is $82.11. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 12 month low of $70.75 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the business posted $1.26 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.49%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

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.