AustralianSuper Pty Ltd Sells 850,469 Shares of LyondellBasell Industries (NYSE:LYB)

AustralianSuper Pty Ltd trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 41.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,224,765 shares of the specialty chemicals company's stock after selling 850,469 shares during the quarter. AustralianSuper Pty Ltd owned about 0.38% of LyondellBasell Industries worth $90,963,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYB. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the 4th 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 during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter worth $31,000. Fortitude Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 162.0% during the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC grew its stake in LyondellBasell Industries by 58.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock valued at $53,000 after buying an additional 203 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company's stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. UBS Group decreased their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a report on Monday, February 3rd. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a report on Monday, November 4th. Barclays lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $0.80 during trading hours on Wednesday, reaching $77.42. The company had a trading volume of 1,856,683 shares, compared to its average volume of 2,700,509. The firm has a market capitalization of $25.14 billion, a PE ratio of 18.70, a PEG ratio of 0.96 and a beta of 1.05. The stock has a 50-day moving average of $75.60 and a two-hundred day moving average of $85.40. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02. 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 - Get Free Report) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) 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 quarter in the prior year, the company earned $1.26 EPS. Analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.92%. LyondellBasell Industries's dividend payout ratio is 129.47%.

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.