APG Asset Management N.V. Acquires 115,636 Shares of LyondellBasell Industries (NYSE:LYB)

APG Asset Management N.V. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 248.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 162,114 shares of the specialty chemicals company's stock after buying an additional 115,636 shares during the period. APG Asset Management N.V.'s holdings in LyondellBasell Industries were worth $11,627,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Bank of Nova Scotia grew its stake in shares of LyondellBasell Industries by 416.2% in the fourth quarter. Bank of Nova Scotia now owns 176,923 shares of the specialty chemicals company's stock valued at $13,140,000 after acquiring an additional 142,652 shares in the last quarter. Twin Capital Management Inc. raised its holdings in shares of LyondellBasell Industries by 113.3% in the fourth quarter. Twin Capital Management Inc. now owns 9,867 shares of the specialty chemicals company's stock valued at $733,000 after purchasing an additional 5,242 shares during the last quarter. Invesco Ltd. boosted its stake 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 acquiring an additional 694,055 shares during the last quarter. Bank of Montreal Can lifted its position in shares of LyondellBasell Industries by 6.8% during the fourth quarter. Bank of Montreal Can now owns 543,412 shares of the specialty chemicals company's stock worth $40,359,000 after acquiring an additional 34,587 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in LyondellBasell Industries by 17.4% in the 4th quarter. Cerity Partners LLC now owns 141,395 shares of the specialty chemicals company's stock worth $10,767,000 after acquiring an additional 20,962 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. restated a "neutral" rating and issued a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. StockNews.com downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Morgan Stanley reduced their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Citigroup decreased their target price 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. Finally, Royal Bank of Canada cut shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price target for the company. in a research report on Wednesday, April 9th. 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. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and a consensus target price of $76.50.

Insider Activity

In related news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

LyondellBasell Industries Trading Up 0.4 %

Shares of NYSE LYB traded up $0.25 during trading hours on Wednesday, hitting $56.95. The company's stock had a trading volume of 1,375,475 shares, compared to its average volume of 3,390,693. The business has a 50-day simple moving average of $70.73 and a 200-day simple moving average of $77.92. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 13.76, a P/E/G 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.

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

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 9.41%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is currently 129.47%.

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.