LSV Asset Management Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

LSV Asset Management reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 7.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,673,779 shares of the specialty chemicals company’s stock after selling 129,180 shares during the period. LSV Asset Management owned 0.52% of LyondellBasell Industries worth $159,143,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. FMR LLC lifted its position in shares of LyondellBasell Industries by 10.3% in the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock worth $796,290,000 after purchasing an additional 787,221 shares during the period. Morgan Stanley grew its holdings in shares of LyondellBasell Industries by 9.9% during the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock worth $597,140,000 after acquiring an additional 569,887 shares during the period. Federated Hermes Inc. raised its position in shares of LyondellBasell Industries by 4.0% in the 3rd quarter. Federated Hermes Inc. now owns 5,667,924 shares of the specialty chemicals company’s stock worth $536,752,000 after acquiring an additional 217,461 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of LyondellBasell Industries by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,650,680 shares of the specialty chemicals company’s stock valued at $535,119,000 after purchasing an additional 143,542 shares during the period. Finally, Invesco Ltd. boosted its position in shares of LyondellBasell Industries by 24.9% during the third quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock valued at $386,894,000 after purchasing an additional 815,083 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In related news, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kenneth Todd Lane sold 29,229 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 0.3 %

LYB traded up $0.34 during trading on Friday, hitting $99.12. The stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,611,830. The stock has a 50 day simple moving average of $101.07 and a two-hundred day simple moving average of $96.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The company has a market capitalization of $32.28 billion, a PE ratio of 15.32, a PEG ratio of 1.42 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the firm earned $2.50 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Analyst Ratings Changes

A number of brokerages have issued reports on LYB. BMO Capital Markets lifted their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating on the stock. JPMorgan Chase & Co. lifted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Citigroup increased their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $104.75.

LyondellBasell Industries Company 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.