Cerity Partners LLC Sells 98,079 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Cerity Partners LLC decreased its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 69.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 43,316 shares of the specialty chemicals company's stock after selling 98,079 shares during the period. Cerity Partners LLC's holdings in LyondellBasell Industries were worth $3,049,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of LYB. Dodge & Cox boosted its stake in LyondellBasell Industries by 5.3% in 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 last quarter. Geode Capital Management LLC raised its holdings 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 buying an additional 199,054 shares during the period. Invesco Ltd. raised its holdings in shares of LyondellBasell Industries by 13.5% during the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock valued at $432,721,000 after buying an additional 694,055 shares during the period. Franklin Resources Inc. raised its holdings in shares of LyondellBasell Industries by 0.7% during the 4th quarter. Franklin Resources Inc. now owns 2,894,956 shares of the specialty chemicals company's stock valued at $215,008,000 after buying an additional 19,689 shares during the period. Finally, Capital World Investors increased its holdings in LyondellBasell Industries by 11.0% during the 4th quarter. Capital World Investors now owns 2,891,609 shares of the specialty chemicals company's stock worth $214,760,000 after purchasing an additional 287,028 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $0.09 during midday trading on Friday, reaching $63.21. The company's stock had a trading volume of 2,229,260 shares, compared to its average volume of 3,000,330. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The business's 50 day moving average price is $59.51 and its two-hundred day moving average price is $66.13. The company has a market cap of $20.32 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.70 and a beta of 0.82.

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

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date was Monday, June 2nd. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio is currently 169.14%.

Analyst Ratings Changes

LYB has been the subject of a number of analyst reports. Bank Of America (Bofa) reduced their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Mizuho boosted their price objective on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Argus lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $66.00.

LyondellBasell Industries 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.