Teachers Advisors LLC grew its position in LyondellBasell Industries NV (NYSE:LYB) by 11.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 754,227 shares of the specialty chemicals company’s stock after buying an additional 77,579 shares during the period. Teachers Advisors LLC owned approximately 0.19% of LyondellBasell Industries worth $83,206,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Segment Wealth Management LLC raised its holdings in LyondellBasell Industries by 2.6% in the fourth quarter. Segment Wealth Management LLC now owns 37,514 shares of the specialty chemicals company’s stock worth $4,138,000 after buying an additional 959 shares during the last quarter. Renaissance Technologies LLC purchased a new position in LyondellBasell Industries in the fourth quarter worth about $40,322,000. Torray LLC raised its holdings in LyondellBasell Industries by 7.0% in the third quarter. Torray LLC now owns 14,320 shares of the specialty chemicals company’s stock worth $1,418,000 after buying an additional 940 shares during the last quarter. Guardian Capital LP purchased a new position in LyondellBasell Industries in the third quarter worth about $363,000. Finally, Wells Fargo & Company MN raised its holdings in LyondellBasell Industries by 27.4% in the third quarter. Wells Fargo & Company MN now owns 1,750,468 shares of the specialty chemicals company’s stock worth $173,383,000 after buying an additional 376,317 shares during the last quarter. 75.13% of the stock is owned by institutional investors and hedge funds.
Several brokerages have issued reports on LYB. ValuEngine cut shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets initiated coverage on shares of LyondellBasell Industries in a research note on Tuesday, March 27th. They issued an “outperform” rating and a $111.00 price target for the company. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Monday, February 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $119.00 price target on shares of LyondellBasell Industries in a research note on Thursday, January 25th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $105.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $108.39.
In other news, Director Robin W.T. Buchanan purchased 322 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was acquired at an average cost of $81.86 per share, for a total transaction of $26,358.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased 854 shares of company stock valued at $79,915 over the last 90 days. 0.09% of the stock is currently owned by company insiders.
Shares of NYSE LYB opened at $100.79 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. The company has a market cap of $40,532.77, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 1.06 and a beta of 1.09. LyondellBasell Industries NV has a 12-month low of $78.01 and a 12-month high of $121.95.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.18. The company had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.94 earnings per share. equities research analysts anticipate that LyondellBasell Industries NV will post 10.75 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.97%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, March 2nd. LyondellBasell Industries’s payout ratio is 39.10%.
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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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