LyondellBasell Industries (NYSE:LYB) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 17.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,678 shares of the specialty chemicals company’s stock after acquiring an additional 33,371 shares during the quarter. Teachers Retirement System of The State of Kentucky owned about 0.07% of LyondellBasell Industries worth $22,570,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in LyondellBasell Industries by 4.2% in the first quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock valued at $259,000 after purchasing an additional 102 shares during the period. Lantz Financial LLC increased its stake in LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 109 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in LyondellBasell Industries by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 114 shares during the period. Metis Global Partners LLC increased its stake in LyondellBasell Industries by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in LyondellBasell Industries by 11.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 125 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB traded down $3.75 during midday trading on Friday, reaching $94.39. 2,611,720 shares of the company’s stock were exchanged, compared to its average volume of 1,318,859. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The stock has a market capitalization of $30.74 billion, a PE ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.09. The business’s 50-day moving average price is $96.00 and its 200 day moving average price is $98.05. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.3 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. The ex-dividend date was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a yield of 5.68%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is presently 82.84%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Citigroup lifted their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Barclays lifted their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $105.17.

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.