California State Teachers Retirement System Sells 16,903 Shares of LyondellBasell Industries (NYSE:LYB)

California State Teachers Retirement System decreased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 308,838 shares of the specialty chemicals company's stock after selling 16,903 shares during the quarter. California State Teachers Retirement System owned 0.10% of LyondellBasell Industries worth $22,937,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LYB. Ensign Peak Advisors Inc lifted its holdings in shares of LyondellBasell Industries by 207.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after buying an additional 1,522,043 shares during the period. 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 valued at $283,452,000 after buying an additional 1,260,913 shares during the period. Norges Bank acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $81,015,000. Raymond James Financial Inc. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $69,115,000. Finally, Dodge & Cox lifted its holdings in shares of LyondellBasell Industries by 5.3% during the fourth quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock valued at $1,260,052,000 after purchasing an additional 851,365 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. BMO Capital Markets reduced their target price on LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Piper Sandler dropped their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.75.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $1.44 during mid-day trading on Tuesday, hitting $55.88. 1,405,491 shares of the company's stock traded hands, compared to its average volume of 2,713,145. The firm has a 50 day moving average of $58.81 and a two-hundred day moving average of $70.23. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. The firm has a market capitalization of $17.96 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS 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 firm had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the prior year, the business posted $1.53 EPS. LyondellBasell Industries's revenue was down 7.6% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be issued a $1.37 dividend. The ex-dividend date is Monday, June 2nd. This is a boost 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 9.81%. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

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.