LyondellBasell Industries (NYSE:LYB) Shares Sold by Kiltearn Partners LLP

Kiltearn Partners LLP reduced its stake in LyondellBasell Industries (NYSE:LYB) by 16.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 336,200 shares of the specialty chemicals company’s stock after selling 64,800 shares during the period. LyondellBasell Industries accounts for approximately 4.4% of Kiltearn Partners LLP’s holdings, making the stock its 7th largest holding. Kiltearn Partners LLP owned about 0.10% of LyondellBasell Industries worth $32,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Charles Schwab Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after buying an additional 362,671 shares in the last quarter. Pacer Advisors Inc. boosted its position in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares during the period. Dimensional Fund Advisors LP raised its holdings in LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after acquiring an additional 170,464 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after acquiring an additional 6,760 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares during the period. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of several recent analyst reports. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Trading Down 2.3 %

Shares of LYB stock opened at $82.14 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $81.45 and a 12-month high of $107.02. The stock has a market capitalization of $26.68 billion, a P/E ratio of 12.50, a P/E/G ratio of 2.35 and a beta of 1.08. The firm’s 50 day moving average is $89.57 and its 200 day moving average is $94.00.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm posted $2.46 earnings per share. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.