Martingale Asset Management L P Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

Martingale Asset Management L P raised its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 55,194 shares of the specialty chemicals company's stock after buying an additional 9,476 shares during the quarter. Martingale Asset Management L P's holdings in LyondellBasell Industries were worth $4,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of LyondellBasell Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after purchasing an additional 199,054 shares in the last quarter. Invesco Ltd. increased its position in LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after buying an additional 694,055 shares in the last quarter. JPMorgan Chase & Co. raised its stake in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after buying an additional 187,150 shares during the period. Finally, Amundi boosted its holdings in LyondellBasell Industries by 48.6% in the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after acquiring an additional 1,260,913 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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LyondellBasell Industries Stock Performance

LYB traded down $0.57 during trading on Tuesday, hitting $56.88. 1,603,664 shares of the company traded hands, compared to its average volume of 2,418,995. LyondellBasell Industries has a one year low of $51.11 and a one year high of $107.02. The stock's fifty day moving average is $71.15 and its 200 day moving average is $78.07. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a market cap of $18.40 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

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 the consensus estimate 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 quarter in the previous year, the business posted $1.26 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 9.42%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

Insider Transactions at LyondellBasell Industries

In related news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LYB. Morgan Stanley lowered their target price 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. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Barclays decreased their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 1st. 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 on the stock. in a research report on Wednesday, April 9th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $60.00 price objective (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $76.50.

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.