Versant Capital Management Inc Sells 237 Shares of LyondellBasell Industries (NYSE:LYB)

Versant Capital Management Inc trimmed its position in shares of LyondellBasell Industries (NYSE:LYB) by 38.4% during the 4th quarter, Holdings Channel reports. The fund owned 380 shares of the specialty chemicals company’s stock after selling 237 shares during the period. Versant Capital Management Inc’s holdings in LyondellBasell Industries were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LYB. Rockland Trust Co. raised its stake in LyondellBasell Industries by 0.9% during the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after purchasing an additional 112 shares in the last quarter. Petredis Investment Advisors LLC raised its position in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after buying an additional 116 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its holdings in shares of LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 122 shares during the last quarter. Fiduciary Group LLC grew its position in LyondellBasell Industries by 6.5% in the second quarter. Fiduciary Group LLC now owns 2,204 shares of the specialty chemicals company’s stock worth $211,000 after acquiring an additional 134 shares in the last quarter. Finally, Castleview Partners LLC increased its stake in LyondellBasell Industries by 7.2% during the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after acquiring an additional 136 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Price Performance

LYB opened at $73.96 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The business’s fifty day simple moving average is $79.43 and its 200-day simple moving average is $89.54. The company has a market capitalization of $24.02 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.13 and a beta of 1.06. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the firm posted $2.46 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.25%. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.73.

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.