LyondellBasell Industries N.V. (NYSE:LYB) Stock Position Lessened by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 51.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,569 shares of the specialty chemicals company’s stock after selling 7,901 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in LyondellBasell Industries were worth $533,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Vident Advisory LLC grew its stake in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company’s stock worth $1,197,000 after purchasing an additional 131 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after purchasing an additional 193 shares in the last quarter. Lazard Asset Management LLC boosted its stake in LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 214 shares in the last quarter. Portside Wealth Group LLC boosted its stake in LyondellBasell Industries by 2.9% during the first quarter. Portside Wealth Group LLC now owns 7,972 shares of the specialty chemicals company’s stock valued at $592,000 after buying an additional 223 shares in the last quarter. Finally, Centennial Wealth Advisory LLC boosted its stake in LyondellBasell Industries by 4.4% during the first quarter. Centennial Wealth Advisory LLC now owns 5,265 shares of the specialty chemicals company’s stock valued at $371,000 after buying an additional 223 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.8%

Shares of LyondellBasell Industries stock opened at $58.38 on Wednesday. The stock has a 50-day moving average price of $57.93 and a 200 day moving average price of $67.74. The company has a market cap of $18.76 billion, a P/E ratio of 18.02, a P/E/G ratio of 2.13 and a beta of 0.82. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a 1 year low of $51.11 and a 1 year high of $100.46.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 earnings per share. As a group, analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were paid a dividend of $1.37 per share. The ex-dividend date was Monday, June 2nd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.39%. LyondellBasell Industries’s dividend payout ratio (DPR) is 169.14%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LYB shares. Royal Bank Of Canada decreased their target price on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 29th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, April 4th. BMO Capital Markets decreased their target price on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating for the company in a research note on Wednesday, April 30th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating for the company in a research note on Monday, April 28th. Finally, Citigroup decreased their target price on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating for the company in a research note on Tuesday, April 29th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $69.75.

About LyondellBasell Industries

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.