Robeco Institutional Asset Management B.V. Sells 24,077 Shares of LyondellBasell Industries (NYSE:LYB)

Robeco Institutional Asset Management B.V. reduced its stake in LyondellBasell Industries (NYSE:LYB) by 5.4% during the fourth quarter, HoldingsChannel reports. The firm owned 424,649 shares of the specialty chemicals company’s stock after selling 24,077 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in LyondellBasell Industries were worth $31,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC boosted its position in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares in the last quarter. Matrix Trust Co bought a new stake in LyondellBasell Industries during the 3rd quarter worth $30,000. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 295 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the third quarter valued at about $31,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 2.3 %

Shares of LyondellBasell Industries stock opened at $76.04 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The stock has a 50 day moving average price of $76.76 and a two-hundred day moving average price of $87.49. The stock has a market capitalization of $24.69 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 5.07 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.46 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.48 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.05%. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on LYB shares. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Royal Bank of Canada decreased their target price on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $94.33.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

LyondellBasell Industries 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.