LyondellBasell Industries N.V. $LYB Stock Sold by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management cut its LyondellBasell stake by 22% in the third quarter, selling 48,983 shares and retaining 173,827 shares valued at approximately $9.99 million. Institutional investors collectively own 71.2% of the company.
• LyondellBasell reported quarterly EPS of $4.30, exceeding the $3.44 consensus estimate, while revenue rose 19.8% year over year to $9.18 billion. The company declared a quarterly dividend of $0.69 per share, representing a 4.1% annualized yield.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $71.50, compared with the stock’s reported price of $66.54.

Robeco Institutional Asset Management B.V. decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 22.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 173,827 shares of the specialty chemicals company's stock after selling 48,983 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.05% of LyondellBasell Industries worth $9,990,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in LYB. Investment Research Partners LLC increased its position in shares of LyondellBasell Industries by 35.7% in the 3rd quarter. Investment Research Partners LLC now owns 9,583 shares of the specialty chemicals company's stock valued at $551,000 after acquiring an additional 2,519 shares during the period. Kaufman Rossin Wealth LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter worth about $269,000. SteelPeak Wealth LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at about $286,000. IFP Advisors Inc increased its holdings in shares of LyondellBasell Industries by 1.6% in the third quarter. IFP Advisors Inc now owns 20,343 shares of the specialty chemicals company's stock valued at $1,169,000 after purchasing an additional 320 shares during the period. Finally, Frank Rimerman Advisors LLC increased its holdings in shares of LyondellBasell Industries by 5.2% in the third quarter. Frank Rimerman Advisors LLC now owns 15,148 shares of the specialty chemicals company's stock valued at $871,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $66.54 on Friday. The business's 50-day moving average is $62.60 and its two-hundred day moving average is $64.20. The company has a market capitalization of $21.50 billion, a P/E ratio of -58.89, a P/E/G ratio of 0.17 and a beta of 0.30. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The business had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.21 billion. During the same quarter in the previous year, the firm posted $0.62 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts predict that LyondellBasell Industries N.V. will post 9.25 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries's dividend payout ratio (DPR) is currently -244.25%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Barclays initiated coverage on LyondellBasell Industries in a research report on Tuesday, October 13th. They issued an "equal weight" rating and a $66.00 target price on the stock. Zacks Research lowered shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st. Weiss Ratings lowered shares of LyondellBasell Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, August 26th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $64.00 to $62.00 and set a "neutral" rating for the company in a research note on Friday, September 25th. Finally, Wall Street Zen downgraded shares of LyondellBasell Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $71.50.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.

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