Robeco Institutional Asset Management B.V. Purchases 43,981 Shares of LyondellBasell Industries N.V. (NYSE:LYB)

Robeco Institutional Asset Management B.V. increased its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 468,630 shares of the specialty chemicals company's stock after purchasing an additional 43,981 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.15% of LyondellBasell Industries worth $32,992,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Dodge & Cox raised its holdings in LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after purchasing an additional 851,365 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in LyondellBasell Industries by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,582,119 shares of the specialty chemicals company's stock worth $637,394,000 after purchasing an additional 558,137 shares during the period. Geode Capital Management LLC raised its holdings in LyondellBasell Industries by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 6,804,205 shares of the specialty chemicals company's stock worth $512,913,000 after purchasing an additional 199,054 shares during the period. Invesco Ltd. raised its holdings in LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after purchasing an additional 694,055 shares during the period. Finally, Amundi raised its holdings in LyondellBasell Industries by 48.6% in the 4th quarter. Amundi now owns 3,858,033 shares of the specialty chemicals company's stock worth $283,452,000 after purchasing an additional 1,260,913 shares during the period. 71.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday, April 4th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Fermium Researc upgraded LyondellBasell Industries to a "strong-buy" rating in a research note on Friday, April 25th. UBS Group reiterated a "sell" rating and issued a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, Piper Sandler cut their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Trading Up 0.6%

Shares of LyondellBasell Industries stock opened at $58.75 on Friday. The firm has a market cap of $18.88 billion, a price-to-earnings ratio of 18.13, a PEG ratio of 2.17 and a beta of 0.82. The business has a 50-day moving average price of $58.03 and a 200-day moving average price of $67.41. The company has a quick ratio of 1.04, a current ratio of 1.83 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.

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

LyondellBasell Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Monday, June 2nd were given a dividend of $1.37 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. 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 9.33%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

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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