National Pension Service Has $2.34 Million Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• National Pension Service reduced its LyondellBasell stake by 34.7% in the second quarter, selling 23,692 shares and retaining 44,492 shares valued at approximately $2.34 million. Institutional investors collectively own 71.2% of the company.
• LyondellBasell reported quarterly earnings of $4.30 per share, exceeding analysts’ $3.44 estimate, while revenue reached $9.18 billion, up 19.8% year over year. The company also maintains a quarterly dividend of $0.69, equivalent to a 4.3% annual yield.
• Analyst sentiment remains mixed, with ratings ranging from strong buy to sell; the consensus rating is Hold and the average price target is $72.41, compared with the stock’s reported price of $63.72.

National Pension Service trimmed its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 34.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,492 shares of the specialty chemicals company's stock after selling 23,692 shares during the period. National Pension Service's holdings in LyondellBasell Industries were worth $2,343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Woodline Partners LP increased its holdings in LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company's stock valued at $1,542,000 after buying an additional 6,297 shares during the period. Focus Partners Wealth increased its stake in LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company's stock valued at $483,000 after acquiring an additional 1,796 shares during the period. Baird Financial Group Inc. raised its position in LyondellBasell Industries by 69.5% in the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company's stock worth $1,706,000 after purchasing an additional 12,087 shares in the last quarter. Cerity Partners LLC lifted its stake in LyondellBasell Industries by 13.9% during the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company's stock worth $2,855,000 after purchasing an additional 6,032 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in LyondellBasell Industries by 9.9% during the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company's stock valued at $2,397,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Up 0.0%

LyondellBasell Industries stock opened at $63.72 on Monday. 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 current ratio of 1.64 and a quick ratio of 1.07. The firm has a market capitalization of $20.58 billion, a price-to-earnings ratio of -56.38, a PEG ratio of 0.17 and a beta of 0.31. The company's 50 day simple moving average is $61.72 and its 200 day simple moving average is $66.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts' consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company had revenue of $9.18 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same period last year, the firm posted $0.62 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 9.18 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were paid a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. LyondellBasell Industries's dividend payout ratio (DPR) is currently -244.25%.

Analyst Upgrades and Downgrades

LYB has been the subject of several analyst reports. BMO Capital Markets raised their target price on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. Bank of America reduced their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an "underperform" rating on the stock in a research note on Tuesday, June 30th. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. 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. Finally, Zacks Research lowered shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $72.41.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries N.V. (NYSE:LYB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.