Origin Asset Management LLP trimmed its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,400 shares of the specialty chemicals company’s stock after selling 700 shares during the quarter. Origin Asset Management LLP’s holdings in LyondellBasell Industries were worth $3,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oregon Public Employees Retirement Fund lifted its position in shares of LyondellBasell Industries by 7,934.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 13,177,190 shares during the period. Norges Bank acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $259,614,000. Deutsche Bank AG lifted its position in shares of LyondellBasell Industries by 45.4% in the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock worth $372,096,000 after purchasing an additional 1,396,953 shares during the period. Two Sigma Advisers LP lifted its position in shares of LyondellBasell Industries by 107.3% in the 4th quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock worth $162,099,000 after purchasing an additional 1,009,000 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of LyondellBasell Industries by 1,378.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,074,945 shares of the specialty chemicals company’s stock worth $89,393,000 after purchasing an additional 1,002,221 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.

Shares of LyondellBasell Industries stock traded up $0.94 during trading on Wednesday, reaching $85.45. 122,532 shares of the company traded hands, compared to its average volume of 2,605,958. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. LyondellBasell Industries NV has a 1-year low of $73.94 and a 1-year high of $117.85. The company has a market capitalization of $29.34 billion, a PE ratio of 7.58, a PEG ratio of 0.98 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The company had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same quarter in the previous year, the company earned $3.11 EPS. LyondellBasell Industries’s quarterly revenue was down 10.1% compared to the same quarter last year. Sell-side analysts expect that LyondellBasell Industries NV will post 10.32 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is presently 37.27%.

A number of brokerages have recently issued reports on LYB. Jefferies Financial Group boosted their price target on shares of LyondellBasell Industries from $99.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday. Alembic Global Advisors set a $120.00 price target on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $87.00 to $113.00 in a research report on Monday, April 15th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, Goldman Sachs Group upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $104.00 to $125.00 in a research report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $112.13.

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LyondellBasell Industries Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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