Signaturefd LLC Decreases Stake in LyondellBasell Industries (NYSE:LYB)

Signaturefd LLC reduced its stake in LyondellBasell Industries (NYSE:LYB) by 9.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,448 shares of the specialty chemicals company’s stock after selling 438 shares during the period. Signaturefd LLC’s holdings in LyondellBasell Industries were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mutual Advisors LLC raised its position in shares of LyondellBasell Industries by 0.8% in the 3rd quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares during the last quarter. Czech National Bank raised its position in LyondellBasell Industries by 0.3% during the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after buying an additional 116 shares during the last quarter. Cambridge Trust Co. raised its position in LyondellBasell Industries by 26.0% during the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock worth $54,000 after buying an additional 117 shares during the last quarter. Cowa LLC raised its position in LyondellBasell Industries by 3.7% during the 3rd quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock worth $312,000 after buying an additional 117 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in LyondellBasell Industries by 2.0% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 6,951 shares of the specialty chemicals company’s stock worth $658,000 after buying an additional 134 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction 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 sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries 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 sale, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $100.78 on Thursday. The company’s fifty day moving average price is $100.74 and its 200 day moving average price is $96.39. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The stock has a market capitalization of $32.80 billion, a P/E ratio of 15.58, a P/E/G ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $9.85 billion. During the same period in the prior year, the business posted $1.29 EPS. LyondellBasell Industries’s revenue was down 6.6% compared to the same quarter last year. As a group, equities research analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a yield of 4.96%. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Barclays lifted their target price 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a report on Monday, February 5th. One investment 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. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $103.82.

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.