Wrapmanager Inc. Has $607,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

Wrapmanager Inc. lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 2.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,388 shares of the specialty chemicals company’s stock after selling 191 shares during the quarter. Wrapmanager Inc.’s holdings in LyondellBasell Industries were worth $607,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LYB. Valley National Advisers Inc. bought a new stake in LyondellBasell Industries in the 3rd quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at about $26,000. McIlrath & Eck LLC lifted its stake in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 141 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 242 shares during the period. Finally, Webster Bank N. A. grew its stake in LyondellBasell Industries by 7,050.0% in the 4th quarter. Webster Bank N. A. now owns 429 shares of the specialty chemicals company’s stock valued at $41,000 after buying an additional 423 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $0.55 during trading hours on Thursday, hitting $101.63. 1,822,002 shares of the stock were exchanged, compared to its average volume of 1,943,974. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $107.02. The company has a market cap of $33.09 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The company’s fifty day simple moving average is $101.21 and its two-hundred day simple moving average is $96.90.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter last year, the business posted $2.50 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts predict that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Transactions at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction that occurred 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 directly owns 88,858 shares of the company’s stock, valued at approximately $8,960,440.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction dated 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 of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised their price objective 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. JPMorgan Chase & Co. boosted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $105.08.

LyondellBasell Industries Company 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.