AustralianSuper Pty Ltd Has $90.96 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

AustralianSuper Pty Ltd lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 41.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,224,765 shares of the specialty chemicals company’s stock after selling 850,469 shares during the quarter. AustralianSuper Pty Ltd owned approximately 0.38% of LyondellBasell Industries worth $90,963,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Castleview Partners LLC increased its position in shares of LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after purchasing an additional 136 shares in the last quarter. Webster Bank N. A. grew its holdings in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Cairn Investment Group Inc. grew its holdings in LyondellBasell Industries by 0.4% during the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after acquiring an additional 155 shares during the last quarter. Raymond James Trust N.A. grew its holdings in LyondellBasell Industries by 1.0% during the 3rd quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock worth $1,677,000 after acquiring an additional 173 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its holdings in LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.7 %

LyondellBasell Industries stock opened at $76.74 on Friday. The company’s 50 day simple moving average is $75.59 and its 200 day simple moving average is $86.00. LyondellBasell Industries has a fifty-two week low of $72.21 and a fifty-two week high of $107.02. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 0.92 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts anticipate that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.98%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

Insiders Place Their Bets

In related news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 3rd. Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Finally, StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $88.25.

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.