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

Legal & General Group Plc trimmed its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 29.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,575,484 shares of the specialty chemicals company's stock after selling 642,014 shares during the period. Legal & General Group Plc owned about 0.49% of LyondellBasell Industries worth $117,011,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYB. Charles Schwab Investment Management Inc. increased its position in LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after purchasing an additional 558,137 shares during the period. Geode Capital Management LLC raised its stake in shares of LyondellBasell Industries by 3.0% during the fourth 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. lifted its holdings in LyondellBasell Industries by 13.5% in the fourth 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 during the period. JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Finally, Amundi grew its holdings in LyondellBasell Industries by 48.6% during the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares during the period. Institutional investors own 71.20% of the company's stock.

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Wall Street Analysts Forecast Growth

LYB has been the topic of a number of analyst reports. Royal Bank of Canada downgraded LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target on the stock. in a research note on Wednesday, April 9th. Morgan Stanley cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. UBS Group restated a "sell" rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Citigroup cut their price target on shares of LyondellBasell Industries from $75.00 to $66.00 and set a "neutral" rating on the stock in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $76.50.

LyondellBasell Industries Stock Down 1.4 %

NYSE LYB traded down $0.80 on Tuesday, reaching $56.65. The company had a trading volume of 2,658,236 shares, compared to its average volume of 2,423,756. The company's fifty day moving average is $71.15 and its 200-day moving average is $78.07. The firm has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. 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 has a 1-year low of $51.11 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm earned $1.26 EPS. On average, research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.46%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.