48,983 LyondellBasell Industries N.V. $LYB Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 22.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 173,827 shares of the specialty chemicals company’s stock after selling 48,983 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in LyondellBasell Industries were worth $9,990,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LYB. Fortitude Family Office LLC boosted its stake in LyondellBasell Industries by 221.0% during the 3rd quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 347 shares during the last quarter. Kelleher Financial Advisors boosted its holdings in LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 658 shares during the period. Banque Cantonale Vaudoise purchased a new position in LyondellBasell Industries in the first quarter worth approximately $48,000. Versant Capital Management Inc raised its stake in LyondellBasell Industries by 148.8% in the second quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 570 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of LyondellBasell Industries during the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LYB shares. Barclays started coverage on shares of LyondellBasell Industries in a research note on Tuesday, October 13th. They issued an “equal weight” rating and a $66.00 price target on the stock. KeyCorp assumed coverage on shares of LyondellBasell Industries in a research report on Thursday, September 10th. They set a “sector weight” rating for the company. UBS Group lowered their target price on shares of LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, September 25th. Bank of America dropped their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Finally, Zacks Research lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.50.

LyondellBasell Industries Stock Up 1.8%

Shares of NYSE LYB opened at $66.54 on Friday. The business has a 50-day moving average price of $62.60 and a 200 day moving average price of $64.20. The stock has a market cap of $21.50 billion, a PE ratio of -58.89, a price-to-earnings-growth ratio of 0.17 and a beta of 0.30. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 9.25 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were given a dividend of $0.69 per share. The ex-dividend date was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is -244.25%.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.