LyondellBasell Industries (NYSE:LYB) Stock Position Lowered by Acropolis Investment Management LLC

Acropolis Investment Management LLC lessened its position in LyondellBasell Industries (NYSE:LYB) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,923 shares of the specialty chemicals company’s stock after selling 184 shares during the quarter. Acropolis Investment Management LLC’s holdings in LyondellBasell Industries were worth $1,045,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Valley National Advisers Inc. purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. FSC Wealth Advisors LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. Intrepid Capital Management Inc. purchased a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $26,000. Finally, Compass Wealth Management LLC purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $25,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Insider Activity at LyondellBasell Industries

In related news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock valued at $8,077,267 in the last ninety days. Insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LYB shares. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Wednesday, January 10th. Wolfe Research initiated coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating on the stock. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $95.00 to $100.00 in a research note on Monday, February 5th. Barclays dropped their price target on shares of LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average price target of $100.92.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded down $0.27 during midday trading on Friday, reaching $100.98. 1,230,591 shares of the company’s stock were exchanged, compared to its average volume of 2,576,996. The company’s 50 day simple moving average is $97.19 and its two-hundred day simple moving average is $95.49. The firm has a market capitalization of $32.77 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.22 and a beta of 1.19. LyondellBasell Industries has a 12 month low of $84.14 and a 12 month high of $102.93. 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 data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. LyondellBasell Industries’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. Equities research analysts expect that LyondellBasell Industries will post 8.86 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.95%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

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.