LyondellBasell Industries (NYSE:LYB) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP lessened its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 41.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,300 shares of the specialty chemicals company's stock after selling 25,597 shares during the quarter. Quantinno Capital Management LP's holdings in LyondellBasell Industries were worth $2,696,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of LYB. Barclays PLC increased its position in shares of LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock valued at $90,933,000 after acquiring an additional 64,359 shares during the period. JPMorgan Chase & Co. boosted its position in 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 buying an additional 187,150 shares during the last quarter. Assenagon Asset Management S.A. raised its position in LyondellBasell Industries by 290.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 55,843 shares of the specialty chemicals company's stock worth $4,147,000 after buying an additional 41,524 shares during the last quarter. Ritholtz Wealth Management increased its stake 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 worth $381,000 after acquiring an additional 1,128 shares during the period. Finally, Merit Financial Group LLC acquired a new position in LyondellBasell Industries during the fourth quarter valued at $534,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley purchased 3,750 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Finally, Piper Sandler lowered their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Price Performance

Shares of LYB stock traded down $0.20 on Monday, reaching $56.13. 3,017,076 shares of the company were exchanged, compared to its average volume of 2,655,821. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $100.46. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The business has a 50-day moving average price of $60.64 and a 200 day moving average price of $71.37. The company has a market cap of $18.04 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 0.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm had revenue of $7.68 billion for the quarter, compared to analysts' expectations of $7.69 billion. During the same quarter last year, the firm posted $1.53 earnings per share. LyondellBasell Industries's quarterly revenue was down 7.6% on a year-over-year basis. Equities research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Monday, June 2nd will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 9.76%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's 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.