Lingohr Asset Management GmbH Takes Position in LyondellBasell Industries (NYSE:LYB)

Lingohr Asset Management GmbH bought a new stake in LyondellBasell Industries (NYSE:LYB) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 7,408 shares of the specialty chemicals company’s stock, valued at approximately $542,000.

Other hedge funds also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its holdings in shares of LyondellBasell Industries by 15.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,432 shares of the specialty chemicals company’s stock worth $233,000 after acquiring an additional 320 shares in the last quarter. Natixis Advisors LLC raised its holdings in shares of LyondellBasell Industries by 8.4% during the third quarter. Natixis Advisors LLC now owns 108,009 shares of the specialty chemicals company’s stock worth $10,358,000 after acquiring an additional 8,331 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in shares of LyondellBasell Industries by 3.3% during the third quarter. Thrivent Financial for Lutherans now owns 17,297 shares of the specialty chemicals company’s stock worth $1,659,000 after acquiring an additional 559 shares in the last quarter. Swiss National Bank raised its holdings in shares of LyondellBasell Industries by 0.3% during the third quarter. Swiss National Bank now owns 773,100 shares of the specialty chemicals company’s stock worth $74,140,000 after acquiring an additional 2,300 shares in the last quarter. Finally, Pathstone Holdings LLC raised its holdings in shares of LyondellBasell Industries by 8.2% during the third quarter. Pathstone Holdings LLC now owns 41,981 shares of the specialty chemicals company’s stock worth $4,026,000 after acquiring an additional 3,197 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.8 %

Shares of LYB opened at $73.72 on Thursday. The stock has a market cap of $23.84 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12 month low of $71.81 and a 12 month high of $107.02. The company has a 50-day moving average price of $76.14 and a two-hundred day moving average price of $82.37.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 firm posted $1.26 EPS. Equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.27%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

Insider Activity

In other news, Director Michael Sean Hanley bought 3,750 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares of the company’s stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on LYB shares. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho lowered their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. Finally, UBS Group lowered their price target on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.