Stanley Laman Group Ltd. reduced its stake in shares of LyondellBasell Industries (NYSE:LYB – Free Report) by 1.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,999 shares of the specialty chemicals company’s stock after selling 424 shares during the quarter. Stanley Laman Group Ltd.’s holdings in LyondellBasell Industries were worth $3,233,000 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 LYB. Valley National Advisers Inc. bought a new stake in LyondellBasell Industries in the third quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $26,000. FSC Wealth Advisors LLC bought a new stake in LyondellBasell Industries in the third quarter valued at approximately $26,000. Venturi Wealth Management LLC increased its stake in shares of LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 242 shares during the period. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of LyondellBasell Industries by 133.9% during the third quarter. Newbridge Financial Services Group Inc. now owns 393 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 225 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,853 shares of company stock valued at $8,077,267. Insiders own 0.11% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on LYB
LyondellBasell Industries Price Performance
Shares of LYB traded down $1.10 during trading hours on Thursday, reaching $99.68. 1,717,736 shares of the stock traded hands, compared to its average volume of 1,917,153. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69. The company’s 50-day moving average price is $100.78 and its two-hundred day moving average price is $96.41. The company has a market cap of $32.44 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was down 6.6% on a year-over-year basis. On average, analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current year.
LyondellBasell Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders 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 annualized dividend and a yield of 5.02%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.
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.
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