Treasurer of the State of North Carolina Has $8.50 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Treasurer of the State of North Carolina lifted its stake in LyondellBasell Industries (NYSE:LYB) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 114,486 shares of the specialty chemicals company’s stock after acquiring an additional 720 shares during the quarter. Treasurer of the State of North Carolina’s holdings in LyondellBasell Industries were worth $8,503,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Martingale Asset Management L P raised its stake in shares of LyondellBasell Industries by 20.7% during the 4th quarter. Martingale Asset Management L P now owns 55,194 shares of the specialty chemicals company’s stock worth $4,099,000 after purchasing an additional 9,476 shares in the last quarter. APG Asset Management N.V. increased its holdings in LyondellBasell Industries by 248.8% during the fourth quarter. APG Asset Management N.V. now owns 162,114 shares of the specialty chemicals company’s stock worth $11,627,000 after buying an additional 115,636 shares during the last quarter. Bank of Nova Scotia raised its position in LyondellBasell Industries by 416.2% during the fourth quarter. Bank of Nova Scotia now owns 176,923 shares of the specialty chemicals company’s stock worth $13,140,000 after acquiring an additional 142,652 shares in the last quarter. Twin Capital Management Inc. lifted its stake in LyondellBasell Industries by 113.3% in the fourth quarter. Twin Capital Management Inc. now owns 9,867 shares of the specialty chemicals company’s stock valued at $733,000 after acquiring an additional 5,242 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of 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 acquiring an additional 694,055 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on LYB shares. Morgan Stanley cut their target price 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. Barclays cut their price objective on 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. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $76.50.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $56.96 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $107.02. The company’s 50 day moving average price is $71.54 and its two-hundred day moving average price is $78.34. The firm has a market cap of $18.42 billion, a PE ratio of 13.76, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business posted $1.26 EPS. Equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.41%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company 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.