Wellington Management Group LLP Increases Stake in LyondellBasell Industries (NYSE:LYB)

Wellington Management Group LLP increased its stake in LyondellBasell Industries (NYSE:LYB) by 35.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,870,666 shares of the specialty chemicals company’s stock after buying an additional 757,612 shares during the period. Wellington Management Group LLP’s holdings in LyondellBasell Industries were worth $213,204,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Public Sector Pension Investment Board increased its holdings in shares of LyondellBasell Industries by 19.0% during the 3rd quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock worth $1,082,000 after buying an additional 1,800 shares during the last quarter. Benjamin Edwards Inc. increased its stake in LyondellBasell Industries by 1,312.5% during the third quarter. Benjamin Edwards Inc. now owns 39,720 shares of the specialty chemicals company’s stock worth $3,809,000 after acquiring an additional 36,908 shares during the last quarter. Centiva Capital LP raised its holdings in shares of LyondellBasell Industries by 741.6% in the 3rd quarter. Centiva Capital LP now owns 19,812 shares of the specialty chemicals company’s stock worth $1,900,000 after purchasing an additional 17,458 shares during the period. Hilltop Holdings Inc. lifted its stake in shares of LyondellBasell Industries by 58.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 7,282 shares of the specialty chemicals company’s stock valued at $698,000 after purchasing an additional 2,692 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of LyondellBasell Industries by 18.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock worth $99,557,000 after purchasing an additional 159,803 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.9 %

Shares of NYSE:LYB opened at $70.68 on Thursday. LyondellBasell Industries has a 12-month low of $69.12 and a 12-month high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. The firm has a market cap of $22.86 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. The company has a fifty day simple moving average of $75.16 and a 200 day simple moving average of $80.71.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) 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 quarter last year, the business posted $1.26 earnings per share. On average, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 7.58%. LyondellBasell Industries’s payout ratio is 129.47%.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now directly owns 16,028 shares in the company, valued at approximately $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 is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada upped their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. UBS Group decreased their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Finally, Wells Fargo & Company dropped their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $87.58.

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.