LyondellBasell Industries (NYSE:LYB) Stock Holdings Lowered by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its holdings in LyondellBasell Industries (NYSE:LYB) by 37.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,945 shares of the specialty chemicals company’s stock after selling 1,739 shares during the quarter. Laird Norton Wetherby Wealth Management LLC’s holdings in LyondellBasell Industries were worth $219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Merrion Investment Management Co LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $503,000. Hennion & Walsh Asset Management Inc. increased its position in shares of LyondellBasell Industries by 26.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock worth $1,409,000 after acquiring an additional 3,958 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth approximately $3,760,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $59.75 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. The company has a market capitalization of $19.20 billion, a price-to-earnings ratio of 14.43, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.98. The firm has a 50 day moving average of $62.28 and a two-hundred day moving average of $72.47.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.53 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 8.97%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is 165.43%.

Analyst Ratings Changes

LYB has been the topic of several analyst reports. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Barclays dropped their target price on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. StockNews.com downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Finally, BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 30th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $69.75.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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.