QS Investors LLC trimmed its holdings in LyondellBasell Industries NV (NYSE:LYB) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,418 shares of the specialty chemicals company’s stock after selling 2,053 shares during the period. QS Investors LLC’s holdings in LyondellBasell Industries were worth $8,982,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Segment Wealth Management LLC boosted its position in shares of LyondellBasell Industries by 2.6% during the fourth quarter. Segment Wealth Management LLC now owns 37,514 shares of the specialty chemicals company’s stock worth $4,138,000 after buying an additional 959 shares during the period. Torray LLC boosted its position in shares of LyondellBasell Industries by 7.0% during the third quarter. Torray LLC now owns 14,320 shares of the specialty chemicals company’s stock worth $1,418,000 after buying an additional 940 shares during the period. Guardian Capital LP acquired a new position in shares of LyondellBasell Industries during the third quarter worth about $363,000. Wells Fargo & Company MN boosted its position in shares of LyondellBasell Industries by 27.4% during the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock worth $173,383,000 after buying an additional 376,317 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of LyondellBasell Industries during the third quarter worth about $736,000. 75.15% of the stock is owned by hedge funds and other institutional investors.
Shares of LyondellBasell Industries NV (NYSE:LYB) opened at $112.28 on Monday. LyondellBasell Industries NV has a twelve month low of $78.01 and a twelve month high of $121.95. The stock has a market capitalization of $44,300.78, a PE ratio of 10.99, a P/E/G ratio of 1.16 and a beta of 1.12. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, March 5th will be paid a $1.00 dividend. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, March 2nd. This represents a $4.00 annualized dividend and a yield of 3.56%. LyondellBasell Industries’s dividend payout ratio is currently 32.65%.
Several research analysts have recently weighed in on the company. Morgan Stanley set a $130.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Citigroup upped their price objective on LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. SunTrust Banks reaffirmed a “hold” rating and set a $105.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, February 5th. Finally, Barclays upped their price objective on LyondellBasell Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $108.24.
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About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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