Teacher Retirement System of Texas Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Teacher Retirement System of Texas cut its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 72,912 shares of the specialty chemicals company's stock after selling 19,659 shares during the quarter. Teacher Retirement System of Texas' holdings in LyondellBasell Industries were worth $5,415,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock worth $99,557,000 after buying an additional 159,803 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares during the period. Quantinno Capital Management LP raised its holdings in LyondellBasell Industries by 23.1% during the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock worth $5,936,000 after purchasing an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in LyondellBasell Industries by 202.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock valued at $964,000 after purchasing an additional 8,691 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock valued at $20,174,000 after purchasing an additional 20,310 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have recently commented on LYB shares. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a report on Thursday, December 12th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Mizuho lowered their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Royal Bank of Canada increased their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 4th. Finally, Morgan Stanley decreased their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $88.25.

LyondellBasell Industries Trading Down 0.2 %

Shares of LYB stock traded down $0.11 during mid-day trading on Thursday, hitting $70.95. 3,277,961 shares of the company's stock were exchanged, compared to its average volume of 2,108,805. The stock has a market cap of $22.95 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a fifty-two week low of $69.62 and a fifty-two week high of $107.02. The stock has a 50-day simple moving average of $75.85 and a two-hundred day simple moving average of $81.53.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business earned $1.26 earnings per share. Equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business 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 yield of 7.55%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is 129.47%.

Insiders Place Their Bets

In other news, Director Michael Sean Hanley acquired 3,750 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 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.