Sei Investments Co. Sells 12,611 Shares of LyondellBasell Industries (NYSE:LYB)

Sei Investments Co. decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 10.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 109,319 shares of the specialty chemicals company’s stock after selling 12,611 shares during the quarter. Sei Investments Co.’s holdings in LyondellBasell Industries were worth $10,457,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in LYB. Capital World Investors bought a new position in LyondellBasell Industries in the 4th quarter valued at about $197,305,000. Ilex Capital Partners UK LLP bought a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $61,327,000. Pacer Advisors Inc. lifted its position in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after buying an additional 579,300 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $17,683,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group dropped their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Stock Up 0.3 %

LyondellBasell Industries stock opened at $96.43 on Friday. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The firm has a market capitalization of $31.40 billion, a price-to-earnings ratio of 14.90, a P/E/G ratio of 1.29 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a 50 day simple moving average of $96.03 and a 200 day simple moving average of $97.86.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the business earned $2.44 EPS. LyondellBasell Industries’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that LyondellBasell Industries will post 7.94 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.56%. LyondellBasell Industries’s dividend payout ratio is 82.84%.

LyondellBasell Industries Company Profile

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.