Teachers Advisors LLC lifted its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 11.5% in the fourth quarter, HoldingsChannel reports. The fund owned 754,227 shares of the specialty chemicals company’s stock after purchasing an additional 77,579 shares during the period. Teachers Advisors LLC’s holdings in LyondellBasell Industries were worth $83,206,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in LYB. Fieldpoint Private Securities LLC bought a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $109,000. TCI Wealth Advisors Inc. grew its stake in LyondellBasell Industries by 229.9% in the fourth quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after purchasing an additional 708 shares during the period. CENTRAL TRUST Co grew its stake in LyondellBasell Industries by 149.2% in the fourth quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after purchasing an additional 685 shares during the period. SeaCrest Wealth Management LLC purchased a new stake in LyondellBasell Industries in the fourth quarter worth $134,000. Finally, Oakworth Capital Inc. grew its stake in LyondellBasell Industries by 47.5% in the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 501 shares during the period. Institutional investors own 75.15% of the company’s stock.
LyondellBasell Industries NV (NYSE:LYB) opened at $108.75 on Thursday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. LyondellBasell Industries NV has a 12 month low of $78.01 and a 12 month high of $121.95. The company has a market capitalization of $42,910.00, a PE ratio of 10.65, a PEG ratio of 1.14 and a beta of 1.12.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 EPS for the quarter, topping the consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the company earned $1.94 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. research analysts expect that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were paid a $1.00 dividend. The ex-dividend date was Friday, March 2nd. This represents a $4.00 annualized dividend and a dividend yield of 3.68%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio (DPR) is 39.18%.
Several brokerages recently weighed in on LYB. Morgan Stanley set a $130.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Friday, February 16th. Citigroup upped their price target on LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. SunTrust Banks reissued a “hold” rating and issued a $105.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 target price on the stock in a research note on Monday, February 5th. Finally, Barclays increased their target price on LyondellBasell Industries from $115.00 to $125.00 and gave the stock an “overweight” rating in a research note on Monday, February 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $108.24.
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About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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