LyondellBasell Industries (NYSE:LYB) is Kiltearn Partners LLP’s 10th Largest Position

Kiltearn Partners LLP lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 9.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 304,500 shares of the specialty chemicals company’s stock after selling 31,700 shares during the period. LyondellBasell Industries accounts for approximately 3.7% of Kiltearn Partners LLP’s investment portfolio, making the stock its 10th biggest holding. Kiltearn Partners LLP owned approximately 0.09% of LyondellBasell Industries worth $22,615,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LYB. HighTower Advisors LLC lifted its position in shares of LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after buying an additional 159,803 shares during the last quarter. JPMorgan Chase & Co. lifted its position in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Quantinno Capital Management LP boosted its stake in LyondellBasell Industries by 23.1% in the third quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company’s stock valued at $5,936,000 after acquiring an additional 11,610 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 202.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after purchasing an additional 8,691 shares during the last quarter. Finally, Sound Income Strategies LLC increased its position in shares of LyondellBasell Industries by 8.1% during the fourth quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock worth $20,174,000 after purchasing an additional 20,310 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price 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 $1,154,817.40. This represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LYB. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho lowered their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Stock Down 0.2 %

LYB opened at $70.95 on Friday. The business has a 50 day simple moving average of $75.73 and a 200-day simple moving average of $81.46. LyondellBasell Industries has a 12 month low of $69.79 and a 12 month high of $107.02. The stock has a market capitalization of $22.95 billion, a P/E ratio of 17.14, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last posted 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the firm earned $1.26 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.55%. LyondellBasell Industries’s payout ratio is 129.47%.

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.