LyondellBasell Industries (NYSE:LYB) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 459,403 shares of the specialty chemicals company's stock after selling 30,527 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.14% of LyondellBasell Industries worth $43,680,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in shares of LyondellBasell Industries by 35.5% during the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company's stock worth $339,624,000 after purchasing an additional 935,430 shares during the last quarter. Invesco Ltd. grew its position in shares of LyondellBasell Industries by 24.9% in the 3rd quarter. Invesco Ltd. now owns 4,085,474 shares of the specialty chemicals company's stock worth $386,894,000 after acquiring an additional 815,083 shares in the last quarter. FMR LLC increased its holdings in shares of LyondellBasell Industries by 10.3% in the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company's stock valued at $796,290,000 after acquiring an additional 787,221 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $67,160,000. Finally, Bank of Nova Scotia raised its position in shares of LyondellBasell Industries by 3,162.5% during the 3rd quarter. Bank of Nova Scotia now owns 614,259 shares of the specialty chemicals company's stock valued at $58,170,000 after acquiring an additional 595,431 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded up $0.97 during midday trading on Friday, reaching $100.91. The company's stock had a trading volume of 1,280,358 shares, compared to its average volume of 1,755,091. LyondellBasell Industries has a one year low of $84.80 and a one year high of $107.02. The company has a market cap of $32.86 billion, a price-to-earnings ratio of 15.60, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a 50 day moving average price of $101.33 and a 200 day moving average price of $97.37. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.17. The company had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company's quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.95%. LyondellBasell Industries's dividend payout ratio is currently 77.28%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,853 shares of company stock worth $8,077,267. 0.11% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LYB. Mizuho boosted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a "neutral" rating in a research note on Monday, April 29th. Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an "outperform" rating in a research note on Monday, April 29th. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an "underperform" rating for the company. Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a "hold" rating in a research report on Tuesday, April 30th. Finally, Barclays upped their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $105.08.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.