Teachers Retirement System of The State of Kentucky Cuts Position in LyondellBasell Industries (NYSE:LYB)

Teachers Retirement System of The State of Kentucky cut its holdings in LyondellBasell Industries (NYSE:LYB) by 33.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,442 shares of the specialty chemicals company’s stock after selling 73,698 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in LyondellBasell Industries were worth $10,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Webster Bank N. A. boosted its position in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares during the period. Cairn Investment Group Inc. grew its position in LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after acquiring an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its stake in LyondellBasell Industries by 5.2% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after purchasing an additional 177 shares during the period. Y.D. More Investments Ltd lifted its position in shares of LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 194 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in shares of LyondellBasell Industries by 5.8% during the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock valued at $298,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.9 %

Shares of LYB stock opened at $56.27 on Tuesday. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02. The firm has a market capitalization of $18.17 billion, a P/E ratio of 13.59, a PEG ratio of 0.97 and a beta of 0.89. The stock’s fifty day moving average is $69.15 and its two-hundred day moving average is $76.69. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 return on equity of 15.97% and a net margin of 3.39%. During the same quarter last year, the business earned $1.26 EPS. Research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LYB shares. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Barclays cut their price target on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, April 4th. Finally, Royal Bank of Canada lowered LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective for the company. in a report on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $76.50.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

About LyondellBasell Industries

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.