Laird Norton Wetherby Wealth Management LLC Sells 1,739 Shares of LyondellBasell Industries (NYSE:LYB)

Laird Norton Wetherby Wealth Management LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 37.1% in the 4th quarter, Holdings Channel.com reports. The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

LYB has been the subject of a number of recent research reports. Barclays dropped their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. Fermium Researc upgraded shares of LyondellBasell Industries to a “strong-buy” rating in a research note on Friday, April 25th. UBS Group restated a “sell” rating and issued a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, Citigroup dropped their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Trading Up 2.3%

Shares of LyondellBasell Industries stock opened at $59.75 on Friday. The stock has a market capitalization of $19.20 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. 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 50-day simple moving average of $62.28 and a 200 day simple moving average of $72.47. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $100.98.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS. Research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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 payout ratio is presently 165.43%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. The trade was a 30.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

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.