LyondellBasell Industries (NYSE:LYB) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 63.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 624,131 shares of the specialty chemicals company's stock after selling 1,088,268 shares during the quarter. Nuveen Asset Management LLC owned about 0.19% of LyondellBasell Industries worth $46,354,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of LYB. Barclays PLC raised its position in LyondellBasell Industries by 7.3% during the third quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock valued at $90,933,000 after buying an additional 64,359 shares during the period. JPMorgan Chase & Co. boosted its stake in LyondellBasell Industries by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after purchasing an additional 187,150 shares during the period. Assenagon Asset Management S.A. boosted its stake 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 valued at $4,147,000 after purchasing an additional 41,524 shares during the period. Ritholtz Wealth Management lifted its position in shares of LyondellBasell Industries by 28.2% in the 4th 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 bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $534,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Down 1.0%

NYSE:LYB opened at $59.20 on Tuesday. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.98. The company has a market cap of $19.03 billion, a P/E ratio of 14.30, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $62.02 and a two-hundred day moving average price of $72.18.

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 analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The company had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. During the same quarter in the prior year, the company earned $1.53 EPS. The company's revenue for the quarter was down 7.6% on a year-over-year basis. As a group, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.05%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's dividend payout ratio is currently 165.43%.

Analysts Set New Price Targets

Several analysts have weighed in on LYB shares. StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. UBS Group reaffirmed a "sell" rating and issued a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, April 4th. Finally, Piper Sandler decreased their price objective on 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 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 company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $69.75.

About LyondellBasell Industries

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.

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