LyondellBasell Industries N.V. (NYSE:LYB) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lowered its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 64.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,300 shares of the specialty chemicals company's stock after selling 79,000 shares during the quarter. Intact Investment Management Inc.'s holdings in LyondellBasell Industries were worth $3,119,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after acquiring an additional 214 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries in the fourth quarter worth approximately $37,000. Covestor Ltd lifted its stake in LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock worth $41,000 after acquiring an additional 284 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of LyondellBasell Industries by 127.9% during the 1st quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company's stock worth $61,000 after buying an additional 486 shares during the last quarter. Finally, UMB Bank n.a. lifted its position in shares of LyondellBasell Industries by 223.3% during the 1st quarter. UMB Bank n.a. now owns 928 shares of the specialty chemicals company's stock worth $65,000 after buying an additional 641 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

LYB traded down $0.36 during trading on Friday, hitting $58.28. The stock had a trading volume of 7,961,657 shares, compared to its average volume of 2,877,030. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. The firm has a market capitalization of $18.73 billion, a P/E ratio of 17.99, a PEG ratio of 2.17 and a beta of 0.82. The company's 50-day moving average price is $57.90 and its 200 day moving average price is $67.94. LyondellBasell Industries N.V. has a twelve month low of $51.11 and a twelve month high of $100.46.

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

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Monday, June 2nd were paid a $1.37 dividend. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 9.40%. The ex-dividend date was Monday, June 2nd. LyondellBasell Industries's payout ratio is currently 169.14%.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent analyst reports. Fermium Researc upgraded shares of LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Citigroup reduced their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. UBS Group restated a "sell" rating and set a $51.00 price objective (down previously from $76.00) on shares of LyondellBasell Industries in a research report on Monday, April 7th. Wall Street Zen downgraded shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Finally, Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $69.75.

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.