O Shaughnessy Asset Management LLC Has $10.58 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

O Shaughnessy Asset Management LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 13.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 142,476 shares of the specialty chemicals company’s stock after selling 23,034 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in LyondellBasell Industries were worth $10,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Webster Bank N. A. grew its position in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. Cairn Investment Group Inc. grew its holdings in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock worth $3,130,000 after purchasing an additional 155 shares during the last quarter. Alliance Wealth Advisors LLC UT increased its position in shares of LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock worth $268,000 after purchasing an additional 177 shares in the last quarter. Y.D. More Investments Ltd increased its position in shares of LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 194 shares in the last quarter. Finally, Caprock Group LLC boosted its position in LyondellBasell Industries by 5.8% in the fourth quarter. Caprock Group LLC now owns 4,008 shares of the specialty chemicals company’s stock valued at $298,000 after buying an additional 220 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Mizuho reduced their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research note on Monday, February 3rd. Royal Bank of Canada upped their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Finally, Barclays lowered their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.25.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.11% of the company’s stock.

LyondellBasell Industries Trading Up 0.9 %

LYB opened at $70.44 on Tuesday. LyondellBasell Industries has a fifty-two week low of $69.15 and a fifty-two week high of $107.02. The company has a market cap of $22.78 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 0.97 and a beta of 1.06. 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 has a 50 day simple moving average of $75.44 and a 200 day simple moving average of $80.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the company posted $1.26 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.61%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

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.