Gallacher Capital Management LLC Sells 311 Shares of LyondellBasell Industries (NYSE:LYB)

Gallacher Capital Management LLC trimmed its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,245 shares of the specialty chemicals company’s stock after selling 311 shares during the quarter. Gallacher Capital Management LLC’s holdings in LyondellBasell Industries were worth $464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Webster Bank N. A. grew 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 purchasing an additional 143 shares during the period. Cairn Investment Group Inc. increased its position in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after purchasing an additional 155 shares during the last quarter. Raymond James Trust N.A. increased its holdings in LyondellBasell Industries by 1.0% during the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock worth $1,677,000 after buying an additional 173 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its holdings in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after buying an additional 177 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after buying an additional 194 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought 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 owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $74.24 on Friday. The company has a 50 day moving average of $76.08 and a 200 day moving average of $82.86. The stock has a market cap of $24.01 billion, a P/E ratio of 17.93, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12 month low of $71.81 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the business earned $1.26 EPS. As a group, sell-side 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.22%. The ex-dividend date is Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYB. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. 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. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Barclays decreased their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $88.25.

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.