Prudential PLC Has $237,000 Stake in LyondellBasell Industries (NYSE:LYB)

Prudential PLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 72.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,189 shares of the specialty chemicals company’s stock after selling 8,527 shares during the period. Prudential PLC’s holdings in LyondellBasell Industries were worth $237,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in LYB. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 558,137 shares during the last quarter. Geode Capital Management LLC grew its holdings in LyondellBasell Industries by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company’s stock valued at $512,913,000 after purchasing an additional 199,054 shares during the period. JPMorgan Chase & Co. increased its stake in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Amundi raised 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 purchasing an additional 1,260,913 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of LyondellBasell Industries by 0.7% during the fourth quarter. Franklin Resources Inc. now owns 2,894,956 shares of the specialty chemicals company’s stock worth $215,008,000 after purchasing an additional 19,689 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

LYB opened at $53.12 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The business’s 50-day simple moving average is $73.04 and its 200 day simple moving average is $79.38. The firm has a market capitalization of $17.18 billion, a PE ratio of 12.83, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 52-week low of $52.04 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released 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 net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the company posted $1.26 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 10.09%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Citigroup dropped their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a report on Friday, April 4th. Finally, Barclays reduced their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $78.83.

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.