Golden State Equity Partners Decreases Stock Position in LyondellBasell Industries (NYSE:LYB)

Golden State Equity Partners lowered its stake in LyondellBasell Industries (NYSE:LYB) by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,413 shares of the specialty chemicals company’s stock after selling 464 shares during the quarter. Golden State Equity Partners’ holdings in LyondellBasell Industries were worth $515,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LYB. Valley National Advisers Inc. purchased a new stake in LyondellBasell Industries in the 3rd quarter worth $25,000. FSC Wealth Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth about $26,000. Venturi Wealth Management LLC increased its holdings in shares of LyondellBasell Industries by 410.2% in the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares during the last quarter. Finally, Webster Bank N. A. increased its holdings in shares of LyondellBasell Industries by 7,050.0% in the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 423 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Wednesday, January 10th. Citigroup upped their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Wolfe Research began coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Finally, Barclays upped their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.82.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Michael C. Mcmurray sold 16,940 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock valued at $8,077,267 over the last 90 days. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 2.5 %

LYB stock traded up $2.45 during mid-day trading on Friday, reaching $102.13. The company had a trading volume of 2,651,865 shares, compared to its average volume of 1,436,825. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The company has a market capitalization of $33.24 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. The firm has a 50 day moving average of $100.87 and a 200 day moving average of $96.48. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the prior year, the company earned $2.50 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.90%. LyondellBasell Industries’s payout ratio is presently 77.28%.

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.