Brandywine Global Investment Management LLC Has $29.54 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Brandywine Global Investment Management LLC lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 35.1% during the fourth quarter, HoldingsChannel reports. The fund owned 397,673 shares of the specialty chemicals company’s stock after selling 214,690 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in LyondellBasell Industries were worth $29,535,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in shares of LyondellBasell Industries by 81.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 11,648 shares of the specialty chemicals company’s stock valued at $851,000 after purchasing an additional 5,229 shares in the last quarter. Schroder Investment Management Group raised its position in LyondellBasell Industries by 88.7% in the 4th quarter. Schroder Investment Management Group now owns 871,574 shares of the specialty chemicals company’s stock valued at $64,732,000 after buying an additional 409,633 shares during the last quarter. Allstate Corp bought a new position in LyondellBasell Industries during the 4th quarter valued at $578,000. DnB Asset Management AS boosted its holdings in LyondellBasell Industries by 3.7% during the 4th quarter. DnB Asset Management AS now owns 53,282 shares of the specialty chemicals company’s stock worth $3,957,000 after acquiring an additional 1,902 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of LyondellBasell Industries by 8.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 167,688 shares of the specialty chemicals company’s stock worth $12,454,000 after acquiring an additional 13,638 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.6 %

LYB stock opened at $69.81 on Monday. LyondellBasell Industries has a fifty-two week low of $68.96 and a fifty-two week high of $107.02. The stock has a fifty day moving average of $75.58 and a 200-day moving average of $81.11. The company has a market capitalization of $22.58 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 0.97 and a beta of 1.06. 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 issued 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 quarter in the prior year, the business posted $1.26 EPS. As a group, equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

Wall Street Analyst Weigh In

LYB has been the topic of a number of recent analyst reports. Barclays dropped their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Mizuho dropped 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 report on Monday, December 9th. Royal Bank of Canada boosted their target price on LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Morgan Stanley cut their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $88.25.

Insiders Place Their Bets

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.11% of the company’s stock.

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.