Atria Investments Inc Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

Atria Investments Inc lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 30.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 33,061 shares of the specialty chemicals company’s stock after selling 14,731 shares during the quarter. Atria Investments Inc’s holdings in LyondellBasell Industries were worth $2,455,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LYB. Webster Bank N. A. raised its position in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised its position in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $31,000. Pinnacle Bancorp Inc. purchased a new stake in LyondellBasell Industries in the 4th quarter valued at $59,000. Finally, Brooklyn Investment Group purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $60,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on LYB. Mizuho reduced their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, February 13th. Morgan Stanley cut their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Barclays cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.25.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $77.53 on Monday. 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 fifty-two week low of $72.21 and a fifty-two week high of $107.02. The stock has a market cap of $25.08 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm’s fifty day simple moving average is $76.04 and its 200-day simple moving average is $83.59.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the firm earned $1.26 EPS. Analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors 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 yield of 6.91%. LyondellBasell Industries’s payout ratio is 129.47%.

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.