LyondellBasell Industries (NYSE:LYB) Position Cut by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,113,054 shares of the specialty chemicals company's stock after selling 91,590 shares during the quarter. Wellington Management Group LLP owned approximately 0.65% of LyondellBasell Industries worth $202,642,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Wahed Invest LLC raised its holdings in shares of LyondellBasell Industries by 11.7% in the third quarter. Wahed Invest LLC now owns 6,320 shares of the specialty chemicals company's stock worth $606,000 after acquiring an additional 662 shares during the last quarter. Weiss Asset Management LP purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at $7,537,000. State Street Corp grew its position in shares of LyondellBasell Industries by 1.9% in the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the period. Stevens Capital Management LP grew its position in shares of LyondellBasell Industries by 89.3% in the third quarter. Stevens Capital Management LP now owns 6,454 shares of the specialty chemicals company's stock valued at $619,000 after purchasing an additional 3,045 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock valued at $5,936,000 after purchasing an additional 11,610 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research reports. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Wells Fargo & Company lowered their price target on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $99.50.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $0.94 on Monday, reaching $77.33. 3,299,664 shares of the company were exchanged, compared to its average volume of 1,957,289. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company's 50-day moving average is $86.86 and its two-hundred day moving average is $92.74. The firm has a market cap of $25.11 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 1-year low of $75.98 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly 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). The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is 81.58%.

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.