Woodline Partners LP Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Woodline Partners LP purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 15,602 shares of the specialty chemicals company's stock, valued at approximately $1,159,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Ensign Peak Advisors Inc boosted its holdings in shares of LyondellBasell Industries by 207.8% in the 4th quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock worth $167,448,000 after purchasing an additional 1,522,043 shares during the period. Amundi raised its position in shares of 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 acquiring an additional 1,260,913 shares in the last quarter. Norges Bank bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $81,015,000. Raymond James Financial Inc. bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $69,115,000. Finally, Dodge & Cox raised its position in shares of 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 acquiring an additional 851,365 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on LYB shares. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $62.00 to $61.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Finally, Morgan Stanley reduced their target price 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. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $69.75.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $1.11 during trading hours on Friday, hitting $56.50. 5,852,945 shares of the stock traded hands, compared to its average volume of 2,708,492. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm's 50 day moving average price is $59.15 and its 200-day moving average price is $70.51. The stock has a market capitalization of $18.16 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $100.46.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 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 during the quarter, compared to analysts' expectations of $7.69 billion. During the same quarter in the previous year, the company earned $1.53 EPS. The firm's quarterly revenue was down 7.6% compared to the same quarter last year. As a group, equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a $1.37 dividend. This is an increase from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date is Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.70%. LyondellBasell Industries's dividend payout ratio is presently 169.14%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction on Wednesday, March 12th. The shares were bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares of the company's stock, valued at $1,154,817.40. This trade represents a 30.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.14% of the company's stock.

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.