PGGM Investments Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

PGGM Investments decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 9.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,947 shares of the specialty chemicals company’s stock after selling 2,201 shares during the quarter. PGGM Investments’ holdings in LyondellBasell Industries were worth $1,481,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Assetmark Inc. boosted its position in LyondellBasell Industries by 17.1% in the third quarter. Assetmark Inc. now owns 26,388 shares of the specialty chemicals company’s stock valued at $2,531,000 after buying an additional 3,863 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries during the third quarter worth about $31,000. Apollon Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 11.4% in the 3rd quarter. Apollon Wealth Management LLC now owns 3,519 shares of the specialty chemicals company’s stock valued at $338,000 after purchasing an additional 359 shares during the period. GSA Capital Partners LLP purchased a new stake in LyondellBasell Industries during the third quarter worth $1,271,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in LyondellBasell Industries by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 746,660 shares of the specialty chemicals company’s stock valued at $71,605,000 after buying an additional 10,611 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was purchased at an average cost 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 approximately $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 is accessible through this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. UBS Group lowered their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley lowered their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Finally, Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $88.25.

LyondellBasell Industries Trading Up 0.5 %

NYSE LYB opened at $72.55 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a one year low of $71.81 and a one year high of $107.02. The company’s 50 day moving average price is $76.05 and its 200 day moving average price is $83.13. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $1.26 EPS. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date is Monday, March 10th. 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.