Janus Henderson Group PLC Decreases Position in LyondellBasell Industries (NYSE:LYB)

Janus Henderson Group PLC lessened its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 28,904 shares of the specialty chemicals company's stock after selling 23,364 shares during the period. Janus Henderson Group PLC's holdings in LyondellBasell Industries were worth $2,148,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Barclays PLC boosted its holdings in LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock worth $90,933,000 after buying an additional 64,359 shares during the period. JPMorgan Chase & Co. lifted its position in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of LyondellBasell Industries by 28.2% in the fourth quarter. Ritholtz Wealth Management now owns 5,130 shares of the specialty chemicals company's stock valued at $381,000 after acquiring an additional 1,128 shares in the last quarter. Merit Financial Group LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $534,000. Finally, HB Wealth Management LLC raised its stake in LyondellBasell Industries by 16.2% during the 4th quarter. HB Wealth Management LLC now owns 8,479 shares of the specialty chemicals company's stock valued at $630,000 after purchasing an additional 1,183 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LYB shares. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada decreased their target price on shares of LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Citigroup dropped their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Barclays cut their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $69.75.

Insider Buying and Selling

In related news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction dated 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 transaction, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. The trade was a 30.54% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Trading Up 3.1%

LyondellBasell Industries stock traded up $1.73 during mid-day trading on Tuesday, hitting $57.86. The company's stock had a trading volume of 1,165,519 shares, compared to its average volume of 2,650,516. LyondellBasell Industries has a one year low of $51.11 and a one year high of $100.46. The stock has a market cap of $18.60 billion, a PE ratio of 13.96, a P/E/G ratio of 0.97 and a beta of 0.87. The company has a 50 day moving average of $60.28 and a 200-day moving average of $71.17. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company's quarterly revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 9.47%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's dividend payout ratio (DPR) is currently 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.