AQR Capital Management LLC Sells 15,976 Shares of LyondellBasell Industries (NYSE:LYB)

AQR Capital Management LLC trimmed its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 848,394 shares of the specialty chemicals company's stock after selling 15,976 shares during the quarter. AQR Capital Management LLC owned approximately 0.26% of LyondellBasell Industries worth $62,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Dodge & Cox grew its position in shares of LyondellBasell Industries by 5.3% during the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after buying an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 7.0% during the 4th 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 period. Geode Capital Management LLC raised its position in shares of LyondellBasell Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock valued at $512,913,000 after acquiring an additional 199,054 shares during the last quarter. Invesco Ltd. lifted its stake in shares of LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after purchasing an additional 694,055 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of LyondellBasell Industries by 3.7% during the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after purchasing an additional 187,150 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

LYB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. restated a "neutral" rating and set a $60.00 target price (down previously from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Morgan Stanley decreased their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $69.75.

Insider Buying and Selling

In related news, Director Michael Sean Hanley bought 3,750 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

LYB stock traded down $0.26 during trading hours on Tuesday, reaching $55.96. The stock had a trading volume of 2,176,136 shares, compared to its average volume of 2,543,975. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The stock has a 50-day simple moving average of $65.40 and a 200 day simple moving average of $74.25. The stock has a market capitalization of $17.98 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same period in the previous year, the firm posted $1.53 earnings per share. The firm's revenue was down 7.6% compared to the same quarter last year. Analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 9.58%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is 165.43%.

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.