LyondellBasell Industries (NYSE:LYB) Shares Sold by South Dakota Investment Council

South Dakota Investment Council cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 175,176 shares of the specialty chemicals company’s stock after selling 4,300 shares during the period. South Dakota Investment Council’s holdings in LyondellBasell Industries were worth $16,656,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Valley National Advisers Inc. bought a new position in LyondellBasell Industries during the 3rd quarter valued at $25,000. FSC Wealth Advisors LLC acquired a new position in LyondellBasell Industries in the third quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth approximately $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 valued at $29,000 after acquiring an additional 242 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. boosted its holdings in LyondellBasell Industries by 133.9% in the third quarter. Newbridge Financial Services Group Inc. now owns 393 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LYB. JPMorgan Chase & Co. upped their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Wells Fargo & Company increased their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Citigroup raised their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $103.82.

LyondellBasell Industries Stock Down 0.0 %

Shares of NYSE LYB traded down $0.04 during mid-day trading on Tuesday, reaching $100.55. 1,093,910 shares of the company traded hands, compared to its average volume of 1,929,701. The company’s fifty day moving average is $100.61 and its two-hundred day moving average is $96.36. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The stock has a market cap of $32.72 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same quarter last year, the business earned $1.29 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, analysts expect that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was 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 in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 over the last ninety days. Company insiders own 0.11% 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.