LyondellBasell Industries (NYSE:LYB) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lessened its position in shares of LyondellBasell Industries (NYSE:LYB) by 58.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,206 shares of the specialty chemicals company’s stock after selling 499,571 shares during the period. ExodusPoint Capital Management LP owned approximately 0.11% of LyondellBasell Industries worth $26,381,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi lifted its position in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock valued at $283,452,000 after buying an additional 1,260,913 shares in the last quarter. Norges Bank purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at $81,015,000. Raymond James Financial Inc. acquired a new position in shares of LyondellBasell Industries during the 4th quarter valued at $69,115,000. Wellington Management Group LLP boosted its position in LyondellBasell Industries by 35.9% during the 4th quarter. Wellington Management Group LLP now owns 2,870,666 shares of the specialty chemicals company’s stock worth $213,204,000 after purchasing an additional 757,612 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in LyondellBasell Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after purchasing an additional 558,137 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 0.9 %

Shares of LyondellBasell Industries stock opened at $70.68 on Thursday. The business has a 50-day moving average price of $75.16 and a 200 day moving average price of $80.71. LyondellBasell Industries has a fifty-two week low of $69.12 and a fifty-two week high of $107.02. The firm has a market cap of $22.86 billion, a P/E ratio of 17.07, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly 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 period in the prior year, the company earned $1.26 earnings per share. On average, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.58%. LyondellBasell Industries’s payout ratio is currently 129.47%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LYB shares. Morgan Stanley decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada boosted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Finally, Barclays lowered 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. 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $87.58.

Insider Activity

In related news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction that occurred 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 transaction, the director now directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

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.