Palogic Value Management L.P. Sells 1,116 Shares of LyondellBasell Industries (NYSE:LYB)

Palogic Value Management L.P. trimmed its position in LyondellBasell Industries (NYSE:LYB) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,384 shares of the specialty chemicals company’s stock after selling 1,116 shares during the period. Palogic Value Management L.P.’s holdings in LyondellBasell Industries were worth $548,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock valued at $1,170,183,000 after buying an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock valued at $637,394,000 after acquiring an additional 558,137 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of LyondellBasell Industries by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 6,605,151 shares of the specialty chemicals company’s stock valued at $638,964,000 after acquiring an additional 277,108 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares during the last quarter. Finally, Amundi lifted its stake in LyondellBasell Industries by 48.6% during the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.11% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on LYB shares. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 4th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. UBS Group cut their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $88.25.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $69.81 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 1 year low of $69.74 and a 1 year high of $107.02. The company’s 50-day moving average is $75.58 and its 200 day moving average is $81.28. The stock has a market capitalization of $22.58 billion, a P/E ratio of 16.86, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last posted its 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 period in the previous year, the company posted $1.26 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.68%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

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.