Aviva PLC Reduces Holdings in LyondellBasell Industries (NYSE:LYB)

Aviva PLC lowered its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,725 shares of the specialty chemicals company's stock after selling 259,985 shares during the quarter. Aviva PLC's holdings in LyondellBasell Industries were worth $11,640,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LYB. Unison Advisors LLC raised its stake in LyondellBasell Industries by 1.4% in the fourth quarter. Unison Advisors LLC now owns 40,564 shares of the specialty chemicals company's stock worth $3,013,000 after buying an additional 572 shares in the last quarter. Pitcairn Co. lifted its stake in shares of LyondellBasell Industries by 11.9% during the 4th quarter. Pitcairn Co. now owns 5,109 shares of the specialty chemicals company's stock worth $379,000 after purchasing an additional 542 shares during the last quarter. Huntington National Bank boosted its position in LyondellBasell Industries by 26.2% during the fourth quarter. Huntington National Bank now owns 2,444 shares of the specialty chemicals company's stock valued at $182,000 after purchasing an additional 507 shares in the last quarter. Intrepid Capital Management Inc. grew its stake in LyondellBasell Industries by 18.8% in the fourth quarter. Intrepid Capital Management Inc. now owns 4,397 shares of the specialty chemicals company's stock valued at $327,000 after purchasing an additional 697 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 valued at $512,913,000 after buying an additional 199,054 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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LyondellBasell Industries Price Performance

NYSE LYB traded up $0.78 on Monday, hitting $57.67. The company had a trading volume of 653,605 shares, compared to its average volume of 2,408,106. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The company has a market capitalization of $18.65 billion, a PE ratio of 13.93, 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's fifty day moving average price is $71.54 and its 200-day moving average price is $78.34.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 previous year, the business earned $1.26 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 9.29%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's payout ratio is 129.47%.

Analyst Upgrades and Downgrades

Several research firms recently commented on LYB. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. StockNews.com cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. UBS Group reiterated a "sell" rating and issued a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Finally, Royal Bank of Canada downgraded shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average target price of $76.50.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares of the company's stock, 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 SEC, which is available through the SEC website. 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.