LSV Asset Management Reduces Position in LyondellBasell Industries (NYSE:LYB)

LSV Asset Management trimmed its holdings in LyondellBasell Industries (NYSE:LYB) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,042,559 shares of the specialty chemicals company’s stock after selling 73,800 shares during the quarter. LSV Asset Management owned approximately 0.32% of LyondellBasell Industries worth $77,431,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 worth $26,000 after purchasing an additional 143 shares during the period. Cairn Investment Group Inc. lifted its holdings in 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 buying an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT boosted its position in LyondellBasell Industries by 5.2% in 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 buying an additional 177 shares during the period. Y.D. More Investments Ltd grew its stake in LyondellBasell Industries by 14.9% in the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after acquiring an additional 194 shares in the last quarter. Finally, Caprock Group LLC increased its position in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock worth $298,000 after acquiring an additional 220 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LYB. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Royal Bank of Canada lowered shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a research note on Wednesday. Citigroup dropped their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Finally, Barclays reduced their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $76.50.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This trade represents 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. 0.11% of the stock is owned by insiders.

LyondellBasell Industries Trading Down 9.3 %

Shares of NYSE:LYB opened at $54.27 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm has a market capitalization of $17.55 billion, a P/E ratio of 13.11, a P/E/G ratio of 0.97 and a beta of 0.89. The business’s 50-day moving average is $71.97 and its 200 day moving average is $78.72. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate 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 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

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.