Mediolanum International Funds Ltd Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Mediolanum International Funds Ltd lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 39.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,691 shares of the specialty chemicals company’s stock after selling 14,812 shares during the period. Mediolanum International Funds Ltd’s holdings in LyondellBasell Industries were worth $1,656,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LYB. CVA Family Office LLC grew its stake in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Webster Bank N. A. grew its position in shares of LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 143 shares during the last quarter. Matrix Trust Co purchased a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $30,000. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries in the third quarter worth $31,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $75.53 on Monday. The company has a market cap of $24.53 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 5.26 and a beta of 1.06. The business’s fifty day simple moving average is $76.46 and its two-hundred day simple moving average is $87.20. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. During the same period in the prior year, the company earned $1.26 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 7.10%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LYB. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Finally, The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.33.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.