Mariner LLC Trims Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Mariner LLC lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 3.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 496,509 shares of the specialty chemicals company’s stock after selling 19,936 shares during the quarter. Mariner LLC owned 0.15% of LyondellBasell Industries worth $36,875,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LYB. Barclays PLC raised its position in LyondellBasell Industries by 11.6% in the fourth quarter. Barclays PLC now owns 1,057,916 shares of the specialty chemicals company’s stock valued at $78,574,000 after purchasing an additional 109,705 shares during the period. Savvy Advisors Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $374,000. Synovus Financial Corp acquired a new position in LyondellBasell Industries during the 4th quarter worth about $2,067,000. Townsquare Capital LLC boosted its holdings in LyondellBasell Industries by 7.6% during the 4th quarter. Townsquare Capital LLC now owns 48,641 shares of the specialty chemicals company’s stock valued at $3,613,000 after acquiring an additional 3,448 shares during the period. Finally, Sterling Capital Management LLC grew its position in LyondellBasell Industries by 55.5% in the 4th quarter. Sterling Capital Management LLC now owns 15,430 shares of the specialty chemicals company’s stock valued at $1,146,000 after acquiring an additional 5,504 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Down 1.3 %

LYB opened at $56.70 on Wednesday. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market capitalization of $18.34 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The business’s 50-day simple moving average is $70.73 and its 200-day simple moving average is $77.92.

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

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 9.45%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is currently 129.47%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group reiterated a “sell” rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays lowered their price objective on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Finally, Citigroup lowered their price target on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating for the company in a report on Friday, April 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $76.50.

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.