Duality Advisers LP Has $1.61 Million Position in LyondellBasell Industries (NYSE:LYB)

Duality Advisers LP lessened its position in LyondellBasell Industries (NYSE:LYB) by 43.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,970 shares of the specialty chemicals company’s stock after selling 12,992 shares during the period. Duality Advisers LP’s holdings in LyondellBasell Industries were worth $1,614,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LYB. Mutual Advisors LLC boosted its position in LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after buying an additional 111 shares in the last quarter. Czech National Bank grew its position in LyondellBasell Industries by 0.3% during the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after acquiring an additional 116 shares during the last quarter. Cambridge Trust Co. increased its holdings in LyondellBasell Industries by 26.0% during the 3rd quarter. Cambridge Trust Co. now owns 567 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 117 shares in the last quarter. Cowa LLC raised its position in LyondellBasell Industries by 3.7% in the 3rd quarter. Cowa LLC now owns 3,290 shares of the specialty chemicals company’s stock valued at $312,000 after purchasing an additional 117 shares during the last quarter. Finally, Naples Global Advisors LLC boosted its stake in LyondellBasell Industries by 1.4% in the third quarter. Naples Global Advisors LLC now owns 8,680 shares of the specialty chemicals company’s stock worth $822,000 after purchasing an additional 119 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on LYB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a report on Monday, February 5th. Citigroup increased their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research report on Wednesday, January 10th. Finally, JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $103.82.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $100.59 on Tuesday. The firm’s 50 day simple moving average is $100.50 and its 200 day simple moving average is $96.29. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a market capitalization of $32.74 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. As a group, sell-side analysts forecast that LyondellBasell Industries will post 8.63 earnings per share 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 issued a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.97%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other news, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was 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 owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael C. Mcmurray sold 16,940 shares of the company’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 transaction, the chief financial officer now directly owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 80,853 shares of company stock valued at $8,077,267. Company 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.