LyondellBasell Industries (NYSE:LYB) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lessened its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 12.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,457 shares of the specialty chemicals company's stock after selling 6,404 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in LyondellBasell Industries were worth $4,168,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC boosted its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $30,000. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Independence Bank of Kentucky boosted its position in shares of LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 216 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LYB. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Barclays lowered their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Piper Sandler lowered their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank of Canada lowered their price target on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and a consensus target price of $101.70.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $2.82 on Wednesday, hitting $77.96. 5,920,098 shares of the company were exchanged, compared to its average volume of 1,929,300. The stock has a market capitalization of $25.32 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.29 and a beta of 1.05. The company has a 50-day moving average price of $88.00 and a 200 day moving average price of $93.24. LyondellBasell Industries has a 1-year low of $77.38 and a 1-year high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $2.46 earnings per share. The company's revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries's dividend payout ratio is presently 81.58%.

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.