Commerce Bank Trims Position in LyondellBasell Industries (NYSE:LYB)

Commerce Bank trimmed its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,631 shares of the specialty chemicals company's stock after selling 50,058 shares during the quarter. Commerce Bank's holdings in LyondellBasell Industries were worth $1,161,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LYB. Dodge & Cox raised its holdings in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after acquiring an additional 851,365 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 worth $637,394,000 after buying an additional 558,137 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after buying an additional 199,054 shares during the last quarter. Invesco Ltd. raised its position in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after buying an additional 694,055 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm'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 completion of the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on LYB. Citigroup lowered their price target on LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Morgan Stanley dropped 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. Royal Bank of Canada lowered LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 target price for the company. in a research note on Wednesday, April 9th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, April 4th. Finally, StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $76.50.

LyondellBasell Industries Stock Up 3.4 %

Shares of NYSE:LYB opened at $58.21 on Wednesday. The stock's 50-day moving average is $68.79 and its 200 day moving average is $76.57. The company has a market cap of $18.79 billion, a PE ratio of 14.06, a P/E/G ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS 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 posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 9.21%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 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.

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