Loomis Sayles & Co. L P Sells 622 Shares of LyondellBasell Industries (NYSE:LYB)

Loomis Sayles & Co. L P cut its stake in LyondellBasell Industries (NYSE:LYB) by 45.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 742 shares of the specialty chemicals company’s stock after selling 622 shares during the quarter. Loomis Sayles & Co. L P’s holdings in LyondellBasell Industries were worth $55,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Bridgewater Associates LP bought a new stake in LyondellBasell Industries during the 3rd quarter valued at approximately $2,491,000. Glenmede Trust Co. NA lifted its stake in shares of LyondellBasell Industries by 3.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 11,628 shares of the specialty chemicals company’s stock valued at $1,115,000 after purchasing an additional 423 shares during the period. Public Sector Pension Investment Board boosted its position in shares of LyondellBasell Industries by 19.0% during the third quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock valued at $1,082,000 after purchasing an additional 1,800 shares in the last quarter. Captrust Financial Advisors grew its stake in LyondellBasell Industries by 4.7% in the third quarter. Captrust Financial Advisors now owns 135,346 shares of the specialty chemicals company’s stock worth $12,980,000 after purchasing an additional 6,074 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in LyondellBasell Industries in the third quarter worth $6,371,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LYB shares. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group cut their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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. Finally, Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. One 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. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Trading Down 1.6 %

LyondellBasell Industries stock opened at $69.81 on Monday. LyondellBasell Industries has a one year low of $68.96 and a one year high of $107.02. The business’s fifty day moving average is $75.58 and its 200 day moving average is $81.11. The stock has a market capitalization of $22.58 billion, a PE ratio of 16.86, a price-to-earnings-growth 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 announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter in the previous year, the company posted $1.26 EPS. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now directly owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

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.