LyondellBasell Industries (NYSE:LYB) Shares Bought by V Square Quantitative Management LLC

V Square Quantitative Management LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 8.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,132 shares of the specialty chemicals company’s stock after buying an additional 1,028 shares during the quarter. V Square Quantitative Management LLC’s holdings in LyondellBasell Industries were worth $1,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LYB. Capital World Investors acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $197,305,000. Pacer Advisors Inc. boosted its holdings in LyondellBasell Industries by 35.5% in the 4th quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock worth $339,624,000 after buying an additional 935,430 shares during the last quarter. Norges Bank purchased a new stake in LyondellBasell Industries during the 4th quarter worth approximately $82,854,000. Invesco Ltd. increased its stake in LyondellBasell Industries by 24.9% during the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company’s stock worth $386,894,000 after buying an additional 815,083 shares in the last quarter. Finally, FMR LLC lifted its position in shares of LyondellBasell Industries by 10.3% in the third quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after acquiring an additional 787,221 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. Barclays increased their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research report on Monday, May 6th. Mizuho boosted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Citigroup increased their price objective 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. Finally, Royal Bank of Canada boosted their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.08.

View Our Latest Research Report on LyondellBasell Industries

LyondellBasell Industries Trading Up 0.0 %

LYB stock traded up $0.04 during midday trading on Tuesday, hitting $100.14. 947,495 shares of the company’s stock were exchanged, compared to its average volume of 1,881,248. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $107.02. The business has a 50-day simple moving average of $101.31 and a two-hundred day simple moving average of $97.58. The stock has a market capitalization of $32.61 billion, a PE ratio of 15.48, a P/E/G ratio of 1.46 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYBGet Free Report) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period last year, the company earned $2.50 EPS. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, sell-side analysts predict that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Insider Buying and Selling

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company’s stock.

LyondellBasell Industries Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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