ANTIPODES PARTNERS Ltd Has $6.77 Million Holdings in LyondellBasell Industries (NYSE:LYB)

ANTIPODES PARTNERS Ltd decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 91,140 shares of the specialty chemicals company’s stock after selling 1,828 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in LyondellBasell Industries were worth $6,770,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LYB. Amundi lifted its holdings in shares of LyondellBasell Industries by 48.6% in the fourth quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company’s stock worth $283,452,000 after acquiring an additional 1,260,913 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $69,115,000. Jacobs Levy Equity Management Inc. lifted its holdings in shares of LyondellBasell Industries by 211.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after acquiring an additional 871,708 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 7.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company’s stock worth $637,394,000 after acquiring an additional 558,137 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LYB shares. Barclays lowered their price objective on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. UBS Group decreased their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Finally, The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $88.25.

Insider Buying and Selling at LyondellBasell Industries

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

LyondellBasell Industries Price Performance

Shares of LYB opened at $72.14 on Thursday. LyondellBasell Industries has a 12-month low of $71.98 and a 12-month high of $107.02. The business’s fifty day moving average is $76.05 and its 200 day moving average is $83.20. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock has a market cap of $23.33 billion, a P/E ratio of 17.43, a P/E/G ratio of 0.97 and a beta of 1.06.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (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 period in the prior year, the firm earned $1.26 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 129.47%.

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.