State of New Jersey Common Pension Fund D Sells 5,575 Shares of LyondellBasell Industries (NYSE:LYB)

State of New Jersey Common Pension Fund D lowered its stake in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 3.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 144,287 shares of the specialty chemicals company’s stock after selling 5,575 shares during the period. State of New Jersey Common Pension Fund D’s holdings in LyondellBasell Industries were worth $13,664,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Private Wealth Services LLC lifted its stake in LyondellBasell Industries by 0.6% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 30,940 shares of the specialty chemicals company’s stock valued at $2,841,000 after acquiring an additional 181 shares during the period. Hussman Strategic Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 35.5% in the 3rd quarter. Hussman Strategic Advisors Inc. now owns 21,000 shares of the specialty chemicals company’s stock worth $1,989,000 after purchasing an additional 5,500 shares during the period. J.P. Morgan Private Wealth Advisors LLC lifted its stake in shares of LyondellBasell Industries by 2.9% in the 3rd quarter. J.P. Morgan Private Wealth Advisors LLC now owns 448,531 shares of the specialty chemicals company’s stock worth $42,476,000 after purchasing an additional 12,742 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of LyondellBasell Industries by 7.0% in the 2nd quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,440 shares of the specialty chemicals company’s stock worth $500,000 after purchasing an additional 354 shares during the period. Finally, Adell Harriman & Carpenter Inc. lifted its stake in shares of LyondellBasell Industries by 3.5% in the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 69,503 shares of the specialty chemicals company’s stock worth $6,437,000 after purchasing an additional 2,323 shares during the period. Institutional investors own 91.41% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LYB shares. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $99.00 to $107.00 in a research note on Wednesday, October 18th. Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a research note on Monday, February 5th. Barclays lowered their price objective on shares of LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, January 10th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $100.92.

View Our Latest Report on LYB

LyondellBasell Industries Trading Up 0.4 %

LyondellBasell Industries stock opened at $95.40 on Friday. The stock has a market cap of $30.94 billion, a P/E ratio of 14.74, a PEG ratio of 1.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.85 and a quick ratio of 1.18. LyondellBasell Industries has a 1 year low of $81.24 and a 1 year high of $102.04. The firm’s 50 day moving average price is $94.67 and its 200-day moving average price is $95.23.

LyondellBasell Industries (NYSE:LYBGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.29 EPS. On average, equities analysts predict that LyondellBasell Industries will post 8.86 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 27th were given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 5.24%. The ex-dividend date was Friday, November 24th. LyondellBasell Industries’s payout ratio is currently 77.28%.

LyondellBasell Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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