LyondellBasell Industries (NYSE:LYB) Shares Sold by Cypress Capital Group

Cypress Capital Group lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 31.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,714 shares of the specialty chemicals company’s stock after selling 2,153 shares during the period. Cypress Capital Group’s holdings in LyondellBasell Industries were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in LYB. Webster Bank N. A. lifted its holdings in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. Pinnacle Bancorp Inc. acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $59,000. Finally, Brooklyn Investment Group acquired a new stake in shares of LyondellBasell Industries during the third quarter worth $60,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. Piper Sandler dropped their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Stock Up 3.8 %

Shares of NYSE:LYB opened at $76.24 on Thursday. The firm has a fifty day moving average price of $75.94 and a two-hundred day moving average price of $83.97. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. The company has a market cap of $24.66 billion, a price-to-earnings ratio of 18.41, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the company earned $1.26 EPS. Analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.03%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries’s payout ratio is presently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.