Asset Management One Co. Ltd. Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Asset Management One Co. Ltd. increased its position in LyondellBasell Industries (NYSE:LYB) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 120,838 shares of the specialty chemicals company’s stock after buying an additional 1,403 shares during the quarter. Asset Management One Co. Ltd.’s holdings in LyondellBasell Industries were worth $8,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of LYB. State Street Corp lifted its position in LyondellBasell Industries by 1.9% in the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after purchasing an additional 230,327 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of LyondellBasell Industries by 4.4% in the third quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after acquiring an additional 277,108 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 3.7% during 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 purchasing an additional 187,150 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of LyondellBasell Industries by 11.4% during the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after purchasing an additional 293,622 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.7 %

NYSE LYB opened at $76.74 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The stock’s 50 day moving average is $75.60 and its 200 day moving average is $85.67. The stock has a market cap of $24.92 billion, a PE ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $1.26 EPS. Research analysts predict that LyondellBasell Industries will post 6.68 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.98%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is 129.47%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LYB. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Piper Sandler lowered their price target on LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $88.25.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by company 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.