Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 1,373 Shares of LyondellBasell Industries (NYSE:LYB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in LyondellBasell Industries (NYSE:LYB) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 55,242 shares of the specialty chemicals company’s stock after selling 1,373 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in LyondellBasell Industries were worth $4,103,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Webster Bank N. A. increased its holdings in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $37,000. Pinnacle Bancorp Inc. bought a new stake in LyondellBasell Industries during the 4th quarter worth approximately $59,000. Finally, Brooklyn Investment Group bought a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $60,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LYB shares. Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Mizuho decreased their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. UBS Group decreased their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.25.

LyondellBasell Industries Stock Down 1.5 %

Shares of LyondellBasell Industries stock opened at $71.57 on Monday. 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 company has a 50-day moving average of $76.12 and a 200 day moving average of $81.93. The firm has a market cap of $23.15 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1 year low of $70.75 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the business earned $1.26 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.49%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

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.