LyondellBasell Industries (NYSE:LYB) Holdings Raised by Capital International Investors

Capital International Investors lifted its stake in LyondellBasell Industries (NYSE:LYB) by 0.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,782,825 shares of the specialty chemicals company’s stock after acquiring an additional 1,018 shares during the quarter. Capital International Investors owned approximately 0.86% of LyondellBasell Industries worth $206,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LYB. Barclays PLC raised its stake in shares of LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company’s stock valued at $90,933,000 after acquiring an additional 64,359 shares in the last quarter. Virtu Financial LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter worth $2,733,000. Arvest Bank Trust Division bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $1,896,000. Wilmington Savings Fund Society FSB acquired a new position in shares of LyondellBasell Industries during the third quarter valued at about $658,000. Finally, Optimist Retirement Group LLC grew its position in LyondellBasell Industries by 13.1% during the third quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company’s stock worth $2,072,000 after buying an additional 2,498 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LYB shares. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Morgan Stanley dropped their price objective 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. UBS Group reiterated a “sell” rating and set a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. 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 for the company. in a research note on Wednesday, April 9th. Finally, Citigroup lowered their price target on LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.50.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $56.75 on Friday. The firm’s 50 day simple moving average is $69.54 and its 200 day simple moving average is $77.10. The company has a market capitalization of $18.32 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 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 period last year, the company posted $1.26 EPS. As a group, sell-side analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.44%. 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.