New York State Teachers Retirement System Sells 14,656 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

New York State Teachers Retirement System lowered its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 6.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 198,202 shares of the specialty chemicals company's stock after selling 14,656 shares during the period. New York State Teachers Retirement System owned 0.06% of LyondellBasell Industries worth $13,953,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Amalgamated Bank increased its holdings in shares of LyondellBasell Industries by 1.5% during the 1st quarter. Amalgamated Bank now owns 50,802 shares of the specialty chemicals company's stock worth $3,576,000 after acquiring an additional 745 shares during the last quarter. Elevated Capital Advisors LLC increased its holdings in shares of LyondellBasell Industries by 9.5% in the first quarter. Elevated Capital Advisors LLC now owns 14,896 shares of the specialty chemicals company's stock valued at $1,049,000 after purchasing an additional 1,293 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of LyondellBasell Industries by 12.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 247,598 shares of the specialty chemicals company's stock valued at $17,287,000 after purchasing an additional 27,313 shares during the last quarter. Old North State Wealth Management LLC raised its position in shares of LyondellBasell Industries by 20.0% in the first quarter. Old North State Wealth Management LLC now owns 39,217 shares of the specialty chemicals company's stock valued at $2,765,000 after purchasing an additional 6,549 shares during the period. Finally, Park Place Capital Corp lifted its stake in shares of LyondellBasell Industries by 63.1% during the 1st quarter. Park Place Capital Corp now owns 4,277 shares of the specialty chemicals company's stock worth $301,000 after buying an additional 1,655 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $0.56 during trading hours on Friday, reaching $62.00. 1,962,870 shares of the stock were exchanged, compared to its average volume of 2,936,975. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries N.V. has a twelve month low of $51.11 and a twelve month high of $100.46. The company has a market cap of $19.93 billion, a P/E ratio of 19.14, a price-to-earnings-growth ratio of 2.65 and a beta of 0.82. The stock has a 50 day moving average of $58.32 and a two-hundred day moving average of $66.91.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm had revenue of $7.68 billion for the quarter, compared to analyst estimates of $7.69 billion. During the same quarter in the prior year, the business posted $1.53 EPS. The business's revenue was down 7.6% on a year-over-year basis. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 8.84%. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. LyondellBasell Industries's payout ratio is 169.14%.

Analyst Ratings Changes

Several research analysts have weighed in on LYB shares. Bank Of America (Bofa) lowered their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday. Barclays lowered their target price on LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 1st. UBS Group restated 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. Royal Bank Of Canada upped their price objective on LyondellBasell Industries from $61.00 to $64.00 and gave the company a "sector perform" rating in a report on Thursday. Finally, BMO Capital Markets dropped their target price on LyondellBasell Industries from $65.00 to $60.00 in a report on Friday, June 27th. Three analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $68.31.

LyondellBasell Industries Company 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.