abrdn plc Has $5.02 Million Position in LyondellBasell Industries (NYSE:LYB)

abrdn plc lessened its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,883 shares of the specialty chemicals company's stock after selling 9,366 shares during the quarter. abrdn plc's holdings in LyondellBasell Industries were worth $5,015,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its position in LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after purchasing an additional 871,708 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock worth $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Franklin Resources Inc. raised its position in shares of LyondellBasell Industries by 11.4% during the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after acquiring an additional 293,622 shares during the last quarter. Geode Capital Management LLC raised its position in shares of LyondellBasell Industries by 4.4% during the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company's stock worth $638,964,000 after acquiring an additional 277,108 shares during the last quarter. Finally, State Street Corp raised its position in shares of LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock worth $1,170,183,000 after acquiring an additional 230,327 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.5 %

NYSE:LYB traded up $0.38 on Thursday, reaching $76.27. The company's stock had a trading volume of 1,891,741 shares, compared to its average volume of 2,783,953. The firm has a market cap of $24.77 billion, a PE ratio of 18.42, a PEG ratio of 0.92 and a beta of 1.05. The business's 50-day moving average price is $75.61 and its two-hundred day moving average price is $86.06. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year 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 issued its quarterly 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 business earned $1.26 earnings per share. Equities research analysts anticipate that LyondellBasell Industries will post 6.68 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.03%. LyondellBasell Industries's payout ratio is presently 129.47%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LYB shares. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday, December 12th. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 4th. Mizuho decreased their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. Piper Sandler decreased their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Morgan Stanley decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $88.25.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company's stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.11% of the stock is currently owned by corporate 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.