Sequoia Financial Advisors LLC Has $568,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Sequoia Financial Advisors LLC lowered its position in LyondellBasell Industries (NYSE:LYB) by 26.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,650 shares of the specialty chemicals company’s stock after selling 2,809 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in LyondellBasell Industries were worth $568,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LYB. Webster Bank N. A. increased its stake 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 buying an additional 143 shares during the last quarter. Cairn Investment Group Inc. lifted its holdings in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after acquiring an additional 155 shares during the period. Raymond James Trust N.A. grew its stake in LyondellBasell Industries by 1.0% in the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after purchasing an additional 173 shares during the period. Alliance Wealth Advisors LLC UT increased its position in shares of LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after purchasing an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its stake in shares of LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 194 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.4 %

Shares of LYB opened at $75.20 on Tuesday. LyondellBasell Industries has a twelve month low of $71.81 and a twelve month high of $107.02. The stock has a market cap of $24.32 billion, a PE ratio of 18.16, a P/E/G 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. The business’s 50-day moving average price is $76.11 and its 200-day moving average price is $82.60.

LyondellBasell Industries (NYSE:LYB) last posted its 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 in the prior year, the business posted $1.26 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.13%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is 129.47%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. Mizuho decreased their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. One investment 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 MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling

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

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.