Kingsview Wealth Management LLC Has $316,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

Kingsview Wealth Management LLC lowered its stake in shares of LyondellBasell Industries (NYSE:LYB) by 59.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,250 shares of the specialty chemicals company’s stock after selling 6,309 shares during the period. Kingsview Wealth Management LLC’s holdings in LyondellBasell Industries were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC increased its position in shares of LyondellBasell Industries by 56.4% during the fourth quarter. Apollon Wealth Management LLC now owns 5,503 shares of the specialty chemicals company’s stock worth $409,000 after acquiring an additional 1,984 shares in the last quarter. Westbourne Investment Advisors Inc. increased its position in shares of LyondellBasell Industries by 9.2% during the fourth quarter. Westbourne Investment Advisors Inc. now owns 54,900 shares of the specialty chemicals company’s stock worth $4,077,000 after acquiring an additional 4,644 shares in the last quarter. Cidel Asset Management Inc. increased its position in shares of LyondellBasell Industries by 12.5% during the fourth quarter. Cidel Asset Management Inc. now owns 4,419 shares of the specialty chemicals company’s stock worth $328,000 after acquiring an additional 492 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of LyondellBasell Industries by 9.2% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,464 shares of the specialty chemicals company’s stock worth $3,822,000 after acquiring an additional 4,322 shares in the last quarter. Finally, Leo Wealth LLC increased its position in shares of LyondellBasell Industries by 17.6% during the fourth quarter. Leo Wealth LLC now owns 3,695 shares of the specialty chemicals company’s stock worth $294,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Up 0.7 %

LYB opened at $76.74 on Friday. The stock has a market cap of $24.92 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.92 and a beta of 1.05. 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’s 50-day moving average price is $75.59 and its two-hundred day moving average price is $86.00. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm earned $1.26 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 6.68 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.98%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 129.47%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LYB shares. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Morgan Stanley reduced 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 report on Tuesday, February 4th. Finally, Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries 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.