Gallacher Capital Management LLC Sells 311 Shares of LyondellBasell Industries (NYSE:LYB)

Gallacher Capital Management LLC trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,245 shares of the specialty chemicals company’s stock after selling 311 shares during the quarter. Gallacher Capital Management LLC’s holdings in LyondellBasell Industries were worth $464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton boosted its holdings in shares of 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 acquiring an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $37,000. Pinnacle Bancorp Inc. bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $59,000. Finally, Brooklyn Investment Group bought a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $60,000. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

LYB has been the subject of several recent research reports. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Barclays dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, UBS Group lowered 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $88.25.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $74.24 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02. The company has a market cap of $24.01 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.97 and a beta of 1.06. The business has a fifty day simple moving average of $76.08 and a 200 day simple moving average of $82.86.

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 analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

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.