Legal & General Group Plc Has $117.01 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Legal & General Group Plc lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,575,484 shares of the specialty chemicals company’s stock after selling 642,014 shares during the quarter. Legal & General Group Plc owned 0.49% of LyondellBasell Industries worth $117,011,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Webster Bank N. A. lifted its position in shares of 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 in the last quarter. Rosenberg Matthew Hamilton lifted its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $37,000. Pinnacle Bancorp Inc. bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $59,000. Finally, Crews Bank & Trust acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $85,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 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 purchase, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. UBS Group reaffirmed a “sell” rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday. Barclays decreased their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $76.50.

LyondellBasell Industries Stock Down 9.3 %

LyondellBasell Industries stock opened at $54.27 on Friday. The company’s 50-day moving average price is $71.97 and its two-hundred day moving average price is $78.72. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap 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. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its 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 return on equity of 15.97% and a net margin of 3.39%. During the same period in the prior year, the business posted $1.26 EPS. As a group, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced 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 was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 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.