Royal London Asset Management Ltd. Sells 155 Shares of LyondellBasell Industries (NYSE:LYB)

Royal London Asset Management Ltd. decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 106,721 shares of the specialty chemicals company’s stock after selling 155 shares during the period. Royal London Asset Management Ltd.’s holdings in LyondellBasell Industries were worth $7,926,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans lifted its stake in shares of LyondellBasell Industries by 3.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company’s stock valued at $1,659,000 after buying an additional 559 shares in the last quarter. Pathstone Holdings LLC increased its stake in LyondellBasell Industries by 8.2% in the 3rd quarter. Pathstone Holdings LLC now owns 41,981 shares of the specialty chemicals company’s stock worth $4,026,000 after buying an additional 3,197 shares in the last quarter. Caprock Group LLC raised its holdings in LyondellBasell Industries by 29.0% during the third quarter. Caprock Group LLC now owns 3,788 shares of the specialty chemicals company’s stock valued at $363,000 after acquiring an additional 851 shares during the period. Prospera Financial Services Inc lifted its position in shares of LyondellBasell Industries by 27.0% in the third quarter. Prospera Financial Services Inc now owns 3,145 shares of the specialty chemicals company’s stock valued at $302,000 after acquiring an additional 668 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in shares of LyondellBasell Industries by 13.3% in the third quarter. Advisors Asset Management Inc. now owns 24,307 shares of the specialty chemicals company’s stock worth $2,331,000 after acquiring an additional 2,848 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. This represents 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 at the SEC website. 0.11% of the stock is currently owned by insiders.

LyondellBasell Industries Trading Down 1.5 %

Shares of NYSE LYB opened at $71.57 on Monday. The stock has a market capitalization of $23.15 billion, a P/E ratio of 17.29, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1-year low of $70.75 and a 1-year high of $107.02. The business’s 50 day moving average is $76.12 and its two-hundred day moving average is $81.93. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 period in the previous year, the business posted $1.26 EPS. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Barclays lowered their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, February 13th. Finally, The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, nine have assigned 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.

About LyondellBasell Industries

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.