WealthBridge Investment Counsel Inc. Sells 250 Shares of LyondellBasell Industries (NYSE:LYB)

WealthBridge Investment Counsel Inc. cut its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,260 shares of the specialty chemicals company’s stock after selling 250 shares during the period. WealthBridge Investment Counsel Inc.’s holdings in LyondellBasell Industries were worth $2,544,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Mercer Global Advisors Inc. ADV raised its stake in LyondellBasell Industries by 5.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 76,294 shares of the specialty chemicals company’s stock valued at $7,298,000 after buying an additional 4,206 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in LyondellBasell Industries by 6.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,479 shares of the specialty chemicals company’s stock valued at $2,522,000 after acquiring an additional 1,695 shares during the last quarter. Hsbc Holdings PLC increased its position in LyondellBasell Industries by 10.4% during the second quarter. Hsbc Holdings PLC now owns 131,089 shares of the specialty chemicals company’s stock valued at $12,603,000 after acquiring an additional 12,301 shares during the last quarter. Seven Eight Capital LP bought a new position in LyondellBasell Industries in the second quarter valued at about $237,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in LyondellBasell Industries by 18.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 40,930 shares of the specialty chemicals company’s stock worth $3,916,000 after purchasing an additional 6,425 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.9 %

Shares of NYSE:LYB opened at $77.35 on Friday. The company has a 50-day moving average price of $77.63 and a 200 day moving average price of $88.46. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a market cap of $25.12 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts predict that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Mizuho dropped their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $94.33.

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.