RBF Capital LLC Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

RBF Capital LLC trimmed its stake in LyondellBasell Industries (NYSE:LYB) by 50.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the specialty chemicals company’s stock after selling 20,000 shares during the period. RBF Capital LLC’s holdings in LyondellBasell Industries were worth $1,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. Webster Bank N. A. increased its position in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 143 shares in the last quarter. Cairn Investment Group Inc. increased its position in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after buying an additional 155 shares during the period. Alliance Wealth Advisors LLC UT lifted its stake in LyondellBasell Industries by 5.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after buying an additional 177 shares during the last quarter. Y.D. More Investments Ltd boosted its holdings in shares of LyondellBasell Industries by 14.9% in the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock valued at $111,000 after acquiring an additional 194 shares during the period. Finally, Caprock Group LLC grew its position in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock worth $298,000 after acquiring an additional 220 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 3.4 %

LYB stock opened at $58.21 on Wednesday. LyondellBasell Industries has a 52 week low of $51.11 and a 52 week high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The company has a market cap of $18.79 billion, a P/E ratio of 14.06, a P/E/G ratio of 0.97 and a beta of 0.89. The company’s 50-day moving average price is $68.79 and its 200 day moving average price is $76.57.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period last year, the firm posted $1.26 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 9.21%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent research reports. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Barclays lowered their price target on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada downgraded LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a research note on Wednesday, April 9th. UBS Group reiterated a “sell” rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $76.50.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now directly owns 16,028 shares of the company’s stock, valued at approximately $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 available through this link. 0.11% of the stock is owned by corporate insiders.

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.