Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,373 Shares of LyondellBasell Industries (NYSE:LYB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,242 shares of the specialty chemicals company’s stock after selling 1,373 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LyondellBasell Industries were worth $4,103,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of LYB. Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% in the fourth 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 in the last quarter. Rosenberg Matthew Hamilton increased its stake in LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in LyondellBasell Industries in the fourth quarter valued at $37,000. Brooklyn Investment Group bought a new stake in LyondellBasell Industries in the third quarter valued at $60,000. Finally, Pinnacle Bancorp Inc. acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at about $59,000. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Stock Down 1.5 %

LyondellBasell Industries stock opened at $71.57 on Monday. LyondellBasell Industries has a fifty-two week low of $70.75 and a fifty-two week high of $107.02. The stock has a market cap of $23.15 billion, a PE ratio of 17.29, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The firm’s 50-day simple moving average is $76.12 and its 200 day simple moving average is $81.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB) last released 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 net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s payout ratio is 129.47%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LYB shares. Barclays reduced their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Royal Bank of Canada lifted their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.