LyondellBasell Industries (NYSE:LYB) Shares Sold by LSV Asset Management

LSV Asset Management reduced its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,042,559 shares of the specialty chemicals company's stock after selling 73,800 shares during the period. LSV Asset Management owned 0.32% of LyondellBasell Industries worth $77,431,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LYB. Webster Bank N. A. increased its stake in shares of LyondellBasell Industries by 70.4% in the fourth 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 in the last quarter. Rosenberg Matthew Hamilton increased its stake in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 295 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $37,000. Pinnacle Bancorp Inc. purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $59,000. Finally, Crews Bank & Trust bought a new stake in LyondellBasell Industries during the 4th quarter valued at approximately $85,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Up 1.1 %

LYB stock traded up $0.61 during mid-day trading on Monday, reaching $57.50. The company had a trading volume of 4,338,505 shares, compared to its average volume of 2,421,927. The firm has a 50 day moving average of $71.54 and a 200 day moving average of $78.34. The company has a market capitalization of $18.60 billion, a PE ratio of 13.89, a price-to-earnings-growth 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 current ratio of 1.83 and a quick ratio of 1.13.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on LYB shares. Barclays reduced their price objective on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. 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. UBS Group reaffirmed a "sell" rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Morgan Stanley cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $76.50.

LyondellBasell Industries 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.