LyondellBasell Industries (NYSE:LYB – Get Rating) CFO Michael C. Mcmurray sold 33,880 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total value of $3,758,647.20. Following the completion of the sale, the chief financial officer now owns 39,612 shares in the company, valued at approximately $4,394,555.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE LYB traded down $5.65 during mid-day trading on Friday, hitting $102.57. 2,130,025 shares of the stock traded hands, compared to its average volume of 2,332,587. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.76 and a quick ratio of 1.10. LyondellBasell Industries has a twelve month low of $84.17 and a twelve month high of $117.22. The company has a market cap of $33.60 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.79 and a beta of 1.27. The firm has a 50 day simple moving average of $108.09 and a two-hundred day simple moving average of $100.60.

LyondellBasell Industries (NYSE:LYB – Get Rating) last released its quarterly earnings data on Friday, April 29th. The specialty chemicals company reported $4.00 earnings per share for the quarter, beating the consensus estimate of $3.48 by $0.52. LyondellBasell Industries had a return on equity of 54.14% and a net margin of 11.68%. The company had revenue of $13.16 billion for the quarter, compared to the consensus estimate of $12.67 billion. During the same quarter last year, the business posted $3.18 EPS. LyondellBasell Industries’s revenue for the quarter was up 44.9% on a year-over-year basis. On average, equities research analysts anticipate that LyondellBasell Industries will post 17.33 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which will be paid on Monday, June 13th. Investors of record on Monday, June 6th will be given a dividend of $5.20 per share. This represents a yield of 4.2%. The ex-dividend date is Friday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 27.11%.

Large investors have recently made changes to their positions in the stock. Kingsview Wealth Management LLC raised its position in shares of LyondellBasell Industries by 317.6% in the 3rd quarter. Kingsview Wealth Management LLC now owns 20,047 shares of the specialty chemicals company’s stock worth $1,881,000 after acquiring an additional 15,246 shares in the last quarter. Wedge Capital Management L L P NC raised its position in shares of LyondellBasell Industries by 13.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 94,352 shares of the specialty chemicals company’s stock worth $8,702,000 after acquiring an additional 11,492 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of LyondellBasell Industries in the 4th quarter worth about $7,397,000. Yousif Capital Management LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth about $4,476,000. Finally, Sound Income Strategies LLC raised its position in shares of LyondellBasell Industries by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 95,382 shares of the specialty chemicals company’s stock worth $8,797,000 after acquiring an additional 5,763 shares in the last quarter. 69.64% of the stock is owned by institutional investors and hedge funds.

LYB has been the topic of a number of recent research reports. Bank of America lowered LyondellBasell Industries from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $107.00 to $108.00 in a research note on Tuesday, March 22nd. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. Wells Fargo & Company increased their target price on LyondellBasell Industries from $120.00 to $125.00 in a research note on Monday, May 2nd. Barclays raised their price objective on LyondellBasell Industries from $125.00 to $130.00 in a research note on Monday, May 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $104.00 to $120.00 in a research note on Thursday, May 5th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $114.44.

About LyondellBasell Industries (Get Rating)

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.

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