Dimensional Fund Advisors LP Has $339.31 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Dimensional Fund Advisors LP cut its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 3.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,569,087 shares of the specialty chemicals company's stock after selling 175,292 shares during the period. Dimensional Fund Advisors LP owned approximately 1.41% of LyondellBasell Industries worth $339,308,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. First Trust Advisors LP increased its stake in LyondellBasell Industries by 34.2% during the 4th quarter. First Trust Advisors LP now owns 1,139,142 shares of the specialty chemicals company's stock worth $84,604,000 after buying an additional 290,459 shares during the period. Epoch Investment Partners Inc. boosted its holdings in LyondellBasell Industries by 4.2% in the fourth quarter. Epoch Investment Partners Inc. now owns 940,688 shares of the specialty chemicals company's stock valued at $69,865,000 after purchasing an additional 38,278 shares during the last quarter. Forum Financial Management LP increased its holdings in LyondellBasell Industries by 64.9% during the 4th quarter. Forum Financial Management LP now owns 5,183 shares of the specialty chemicals company's stock worth $385,000 after purchasing an additional 2,039 shares during the last quarter. Arvest Bank Trust Division boosted its stake in shares of LyondellBasell Industries by 39.1% during the 4th quarter. Arvest Bank Trust Division now owns 27,511 shares of the specialty chemicals company's stock valued at $2,043,000 after buying an additional 7,738 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of LyondellBasell Industries in the fourth quarter worth $9,737,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley reduced 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 report on Tuesday, February 4th. UBS Group restated a "sell" rating and set a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Citigroup lowered their price objective on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Barclays cut their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $76.50.

LyondellBasell Industries Price Performance

Shares of LYB stock traded up $0.31 during midday trading on Friday, reaching $59.56. 4,637,508 shares of the company were exchanged, compared to its average volume of 2,502,868. The company's 50 day moving average price is $67.69 and its two-hundred day moving average price is $75.95. The company has a market cap of $19.23 billion, a P/E ratio of 14.39, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same period in the previous year, the firm earned $1.53 EPS. On average, sell-side analysts expect 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, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 9.00%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.