Metis Global Partners LLC Has $644,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Metis Global Partners LLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,669 shares of the specialty chemicals company’s stock after acquiring an additional 392 shares during the period. Metis Global Partners LLC’s holdings in LyondellBasell Industries were worth $644,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its position in LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. lifted 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 buying an additional 362,671 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock worth $638,964,000 after buying an additional 277,108 shares during the period. JPMorgan Chase & Co. grew its stake in LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock valued at $501,501,000 after buying an additional 187,150 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares during the period. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada increased their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. UBS Group cut their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 3rd. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $88.25.

Insider Activity

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.11% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 0.1 %

Shares of LYB stock opened at $73.51 on Wednesday. The stock has a market cap of $23.87 billion, a P/E ratio of 17.76, a price-to-earnings-growth ratio of 0.97 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a fifty day moving average price of $75.90 and a 200 day moving average price of $84.02. LyondellBasell Industries has a one year low of $72.21 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates 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 last year, the company earned $1.26 EPS. Analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.29%. LyondellBasell Industries’s payout ratio is presently 129.47%.

LyondellBasell Industries Company Profile

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.