New York State Common Retirement Fund Sells 22,756 Shares of LyondellBasell Industries (NYSE:LYB)

New York State Common Retirement Fund lowered its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 13.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 150,183 shares of the specialty chemicals company's stock after selling 22,756 shares during the quarter. New York State Common Retirement Fund's holdings in LyondellBasell Industries were worth $14,403,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in LYB. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 159 shares in the last quarter. Chilton Capital Management LLC bought a new stake in LyondellBasell Industries in the first quarter valued at about $27,000. Beacon Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth about $28,000. Blue Trust Inc. grew its stake in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock valued at $31,000 after purchasing an additional 227 shares during the period. Finally, Matrix Trust Co bought a new stake in LyondellBasell Industries in the third quarter valued at $30,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Up 1.3 %

NYSE:LYB traded up $1.07 on Wednesday, hitting $86.44. 3,842,551 shares of the company's stock were exchanged, compared to its average volume of 1,980,057. The company has a market cap of $28.07 billion, a P/E ratio of 13.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. The firm has a 50-day moving average price of $92.81 and a 200-day moving average price of $95.71. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 52 week low of $83.36 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 earnings per share. LyondellBasell Industries's quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts expect that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.20%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries's dividend payout ratio is 81.58%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday. Barclays cut their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Mizuho cut their price target on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $100.56.

LyondellBasell Industries Company 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.