LyondellBasell Industries (NYSE:LYB) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI reduced its position in LyondellBasell Industries (NYSE:LYB) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,322 shares of the specialty chemicals company’s stock after selling 174 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $237,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in LyondellBasell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after acquiring an additional 290,401 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock valued at $540,424,000 after acquiring an additional 33,212 shares in the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after acquiring an additional 600,554 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of LyondellBasell Industries by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after buying an additional 13,093 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Victory Capital Management Inc. now owns 1,140,336 shares of the specialty chemicals company’s stock worth $108,423,000 after buying an additional 13,169 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. Mizuho boosted their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Barclays boosted their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Deutsche Bank Aktiengesellschaft boosted their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, April 30th. BMO Capital Markets boosted their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, UBS Group decreased their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $105.17.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $94.39 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The stock has a fifty day moving average price of $96.00 and a 200 day moving average price of $98.05. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The company has a market cap of $30.74 billion, a PE ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. LyondellBasell Industries’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.44 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a $1.34 dividend. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.68%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.