Janus Henderson Group PLC Sells 23,364 Shares of LyondellBasell Industries (NYSE:LYB)

Janus Henderson Group PLC decreased its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 44.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,904 shares of the specialty chemicals company's stock after selling 23,364 shares during the quarter. Janus Henderson Group PLC's holdings in LyondellBasell Industries were worth $2,148,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Webster Bank N. A. grew its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $37,000. Covestor Ltd grew its position in shares of LyondellBasell Industries by 107.6% in the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $85,000. Finally, WR Wealth Planners LLC grew its position in LyondellBasell Industries by 266.0% during the fourth quarter. WR Wealth Planners LLC now owns 1,175 shares of the specialty chemicals company's stock worth $87,000 after buying an additional 854 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Citigroup reduced their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 29th. Fermium Researc raised LyondellBasell Industries to a "strong-buy" rating in a research report on Friday, April 25th. Piper Sandler reduced 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. Finally, Barclays reduced their price target 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 issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Price Performance

NYSE LYB traded up $1.85 on Tuesday, hitting $57.98. 4,325,245 shares of the company's stock were exchanged, compared to its average volume of 2,662,505. The stock has a 50-day moving average of $59.99 and a 200-day moving average of $71.07. 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 has a 52 week low of $51.11 and a 52 week high of $100.46. The stock has a market cap of $18.63 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 0.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the previous year, the company earned $1.53 earnings per share. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. Analysts expect that LyondellBasell Industries will post 6.31 earnings per share 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 $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.45%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

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.