Mn Services Vermogensbeheer B.V. Reduces Holdings in LyondellBasell Industries (NYSE:LYB)

Mn Services Vermogensbeheer B.V. decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,400 shares of the specialty chemicals company’s stock after selling 4,600 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in LyondellBasell Industries were worth $6,503,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after buying an additional 107 shares during the period. Mutual Advisors LLC lifted its position in LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares during the period. Covestor Ltd lifted 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 valued at $46,000 after purchasing an additional 113 shares during the period. Bell & Brown Wealth Advisors LLC lifted its position in LyondellBasell Industries by 1.0% in the second quarter. Bell & Brown Wealth Advisors LLC now owns 11,133 shares of the specialty chemicals company’s stock valued at $1,022,000 after purchasing an additional 115 shares during the period. Finally, Czech National Bank lifted its position in LyondellBasell Industries by 0.3% in the fourth quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock valued at $4,267,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LYB. Wells Fargo & Company lifted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Barclays lifted their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wolfe Research started coverage on shares of LyondellBasell Industries in a research note on Friday, March 1st. They set an “underperform” rating for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $103.82.

LyondellBasell Industries Stock Down 1.1 %

LYB stock opened at $100.46 on Tuesday. The stock has a market capitalization of $32.69 billion, a P/E ratio of 15.53, a PEG ratio of 1.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a 50 day moving average price of $100.02 and a two-hundred day moving average price of $96.05.

LyondellBasell Industries (NYSE:LYB) last announced 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). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. During the same period in the prior year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.98%. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Activity

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock valued at $8,077,267 in the last ninety days. Company insiders own 0.12% of the company’s stock.

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.