Sompo Asset Management Co. Ltd. Has $3.91 Million Position in LyondellBasell Industries (NYSE:LYB)

Sompo Asset Management Co. Ltd. cut its holdings in LyondellBasell Industries (NYSE:LYB) by 8.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 52,585 shares of the specialty chemicals company’s stock after selling 4,970 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in LyondellBasell Industries were worth $3,905,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Fuller & Thaler Asset Management Inc. bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $9,006,000. MGO One Seven LLC raised its position in LyondellBasell Industries by 27.1% in the 4th quarter. MGO One Seven LLC now owns 5,306 shares of the specialty chemicals company’s stock worth $394,000 after purchasing an additional 1,132 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in LyondellBasell Industries by 1.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 366,472 shares of the specialty chemicals company’s stock worth $27,218,000 after buying an additional 6,945 shares in the last quarter. Hsbc Holdings PLC boosted its position in LyondellBasell Industries by 126.7% in the 4th quarter. Hsbc Holdings PLC now owns 291,384 shares of the specialty chemicals company’s stock valued at $21,486,000 after buying an additional 162,841 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in shares of LyondellBasell Industries by 4.9% in the 4th quarter. Stifel Financial Corp now owns 420,635 shares of the specialty chemicals company’s stock valued at $31,241,000 after buying an additional 19,648 shares during the period. 71.20% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael Sean Hanley bought 3,750 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Morgan Stanley lowered their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Barclays dropped their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. Royal Bank of Canada cut shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price objective on the stock. in a research note on Wednesday, April 9th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $60.00 price target (down previously from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.50.

LyondellBasell Industries Stock Up 3.4 %

Shares of LyondellBasell Industries stock opened at $58.21 on Wednesday. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The business’s 50 day simple moving average is $68.79 and its 200 day simple moving average is $76.57. The firm has a market cap of $18.79 billion, a PE ratio of 14.06, a P/E/G ratio of 0.97 and a beta of 0.89.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 9.21%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries’s payout ratio is 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.