Teachers Retirement System of The State of Kentucky Sells 5,536 Shares of LyondellBasell Industries (NYSE:LYB)

Teachers Retirement System of The State of Kentucky lowered its holdings in LyondellBasell Industries (NYSE:LYBFree Report) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,307 shares of the specialty chemicals company’s stock after selling 5,536 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.06% of LyondellBasell Industries worth $17,809,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LYB. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $25,000. McIlrath & Eck LLC grew its stake in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 141 shares in the last quarter. Heritage Wealth Advisors purchased a new position in LyondellBasell Industries during the fourth quarter valued at approximately $27,000. Gold Investment Management Ltd. purchased a new position in LyondellBasell Industries during the fourth quarter valued at approximately $28,000. Finally, Venturi Wealth Management LLC grew its stake in LyondellBasell Industries by 410.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 242 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 2.1 %

NYSE:LYB traded down $2.02 during midday trading on Friday, reaching $93.54. 1,395,282 shares of the stock traded hands, compared to its average volume of 1,486,491. The company has a fifty day moving average of $99.36 and a 200 day moving average of $97.81. LyondellBasell Industries has a 12 month low of $86.64 and a 12 month high of $107.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a market capitalization of $30.46 billion, a P/E ratio of 14.46, a PEG ratio of 1.18 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the business posted $2.50 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts predict that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a dividend of $1.34 per share. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analysts Set New Price Targets

Several brokerages recently commented on LYB. BMO Capital Markets boosted their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Barclays boosted their price objective on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th. Royal Bank of Canada boosted their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Mizuho boosted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company boosted their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.08.

View Our Latest Research Report on LyondellBasell Industries

About LyondellBasell Industries

(Free Report)

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.

See Also

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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