US Bancorp DE Trims Stock Holdings in LyondellBasell Industries (NYSE:LYB)

US Bancorp DE lowered its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 185,301 shares of the specialty chemicals company's stock after selling 37,716 shares during the period. US Bancorp DE owned about 0.06% of LyondellBasell Industries worth $13,762,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. boosted its holdings in shares of LyondellBasell Industries by 211.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock worth $123,055,000 after purchasing an additional 871,708 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock worth $769,500,000 after buying an additional 362,671 shares during the period. Franklin Resources Inc. grew its position in shares of LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock worth $268,664,000 after buying an additional 293,622 shares during the last quarter. Geode Capital Management LLC increased its stake 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 valued at $638,964,000 after buying an additional 277,108 shares during the period. Finally, Allianz Asset Management GmbH raised its holdings in shares of LyondellBasell Industries by 40.0% during the fourth quarter. Allianz Asset Management GmbH now owns 947,614 shares of the specialty chemicals company's stock valued at $70,379,000 after acquiring an additional 270,694 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $88.25.

Insider Activity

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

LyondellBasell Industries Stock Up 4.0 %

NYSE:LYB traded up $2.91 on Wednesday, reaching $76.38. 1,668,232 shares of the stock traded hands, compared to its average volume of 2,054,528. The company's fifty day simple moving average is $75.90 and its 200 day simple moving average is $84.02. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 0.97 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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 net margin of 3.39% and a return on equity of 15.97%. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $1.34 dividend. The ex-dividend date is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.02%. LyondellBasell Industries's dividend payout ratio is presently 129.47%.

LyondellBasell Industries 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.