O Shaughnessy Asset Management LLC Sells 11,463 Shares of LyondellBasell Industries (NYSE:LYB)

O Shaughnessy Asset Management LLC reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 194,849 shares of the specialty chemicals company’s stock after selling 11,463 shares during the quarter. O Shaughnessy Asset Management LLC owned approximately 0.06% of LyondellBasell Industries worth $18,294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Blair William & Co. IL raised its position in LyondellBasell Industries by 1.0% in the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after acquiring an additional 107 shares during the period. Coastal Investment Advisors Inc. lifted its stake in LyondellBasell Industries by 2.1% in the fourth quarter. Coastal Investment Advisors Inc. now owns 5,179 shares of the specialty chemicals company’s stock valued at $430,000 after purchasing an additional 109 shares during the last quarter. Securian Asset Management Inc. grew its holdings in LyondellBasell Industries by 0.5% during the first quarter. Securian Asset Management Inc. now owns 20,945 shares of the specialty chemicals company’s stock valued at $1,967,000 after purchasing an additional 112 shares during the period. Covestor Ltd increased its position in LyondellBasell Industries by 33.9% in the first quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 113 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its stake in shares of LyondellBasell Industries by 2.8% in the first quarter. Hexagon Capital Partners LLC now owns 4,368 shares of the specialty chemicals company’s stock valued at $410,000 after buying an additional 119 shares during the period. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total value of $975,600.00. Following the completion of the sale, the executive vice president now directly owns 49,876 shares of the company’s stock, valued at approximately $4,865,902.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total value of $975,600.00. Following the completion of the transaction, the executive vice president now owns 49,876 shares in the company, valued at approximately $4,865,902.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Ai Investments Holdings Llc sold 483 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $99.61, for a total value of $48,111.63. Following the sale, the insider now owns 765,996 shares in the company, valued at $76,300,861.56. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp upped their price objective on shares of LyondellBasell Industries from $80.00 to $85.00 and gave the company an “underweight” rating in a report on Monday, August 7th. Citigroup boosted their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. BMO Capital Markets increased their price objective on LyondellBasell Industries from $102.00 to $104.00 in a research report on Thursday, June 1st. Morgan Stanley restated an “overweight” rating and issued a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, July 19th. Finally, Bank of America lifted their price target on LyondellBasell Industries from $92.00 to $99.00 in a research report on Monday, August 7th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.06.

LyondellBasell Industries Trading Down 1.8 %

Shares of NYSE:LYB traded down $1.85 on Tuesday, reaching $99.12. 600,079 shares of the company traded hands, compared to its average volume of 1,990,899. The stock has a market capitalization of $32.13 billion, a P/E ratio of 15.68, a price-to-earnings-growth ratio of 2.61 and a beta of 1.21. The business’s 50-day simple moving average is $95.16 and its 200 day simple moving average is $92.79. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $101.39.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.14. LyondellBasell Industries had a net margin of 4.92% and a return on equity of 21.31%. The business had revenue of $10.31 billion for the quarter, compared to analyst estimates of $10.79 billion. During the same quarter last year, the firm earned $5.19 EPS. The company’s revenue was down 30.5% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.06 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 28th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Friday, August 25th. LyondellBasell Industries’s payout ratio is 77.64%.

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.