Teachers Retirement System of The State of Kentucky lessened its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 29.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 244,731 shares of the specialty chemicals company’s stock after selling 100,670 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.06% of LyondellBasell Industries worth $26,998,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. TCI Wealth Advisors Inc. boosted its stake in LyondellBasell Industries by 229.9% during the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after buying an additional 708 shares during the period. Fieldpoint Private Securities LLC purchased a new position in LyondellBasell Industries during the third quarter worth about $109,000. CENTRAL TRUST Co boosted its stake in LyondellBasell Industries by 149.2% during the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 685 shares during the period. SeaCrest Wealth Management LLC purchased a new position in LyondellBasell Industries during the fourth quarter worth about $134,000. Finally, Oakworth Capital Inc. boosted its stake in LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares during the period. 75.15% of the stock is owned by institutional investors.
LYB has been the subject of several research analyst reports. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Monday, December 18th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a research report on Tuesday, January 9th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Wells Fargo & Co reissued an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday, January 17th. Finally, Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, February 16th. Two 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 given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $108.24.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.94 earnings per share. equities analysts forecast that LyondellBasell Industries NV will post 10.75 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, March 5th will be issued a $1.00 dividend. This is a boost 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 (DPR) is 32.65%.
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LyondellBasell Industries Company Profile
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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