SPC Financial Inc. Cuts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

SPC Financial Inc. reduced its position in LyondellBasell Industries (NYSE:LYB) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,350 shares of the specialty chemicals company’s stock after selling 373 shares during the period. SPC Financial Inc.’s holdings in LyondellBasell Industries were worth $472,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. M&T Bank Corp raised its stake in shares of LyondellBasell Industries by 2.4% in the fourth quarter. M&T Bank Corp now owns 19,741 shares of the specialty chemicals company’s stock worth $1,467,000 after purchasing an additional 461 shares during the last quarter. Assetmark Inc. raised its position in LyondellBasell Industries by 2.1% in the 4th quarter. Assetmark Inc. now owns 26,932 shares of the specialty chemicals company’s stock worth $2,000,000 after buying an additional 544 shares during the last quarter. Abbot Financial Management Inc. raised its position in LyondellBasell Industries by 11.3% in the 4th quarter. Abbot Financial Management Inc. now owns 7,855 shares of the specialty chemicals company’s stock worth $583,000 after buying an additional 800 shares during the last quarter. SWS Partners lifted its stake in LyondellBasell Industries by 17.9% during the 4th quarter. SWS Partners now owns 27,049 shares of the specialty chemicals company’s stock valued at $2,009,000 after acquiring an additional 4,110 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of LyondellBasell Industries by 7.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after acquiring an additional 558,137 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Up 3.8 %

LYB stock opened at $76.24 on Thursday. The business’s 50-day moving average price is $75.94 and its 200-day moving average price is $83.97. The stock has a market cap of $24.66 billion, a P/E ratio of 18.41, a PEG ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 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 firm posted $1.26 EPS. On average, equities research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on LYB shares. Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Mizuho lowered their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. Finally, UBS Group cut their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.25.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

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.