Brown Advisory Inc. Has $5.28 Million Holdings in LyondellBasell Industries NV (LYB)
Brown Advisory Inc. grew its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 14.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,471 shares of the specialty chemicals company’s stock after purchasing an additional 7,947 shares during the period. Brown Advisory Inc.’s holdings in LyondellBasell Industries were worth $5,277,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. lifted its position in LyondellBasell Industries by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after buying an additional 179,076 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock valued at $2,640,901,000 after purchasing an additional 179,076 shares during the period. BlackRock Inc. raised its holdings in shares of LyondellBasell Industries by 0.4% in the 3rd quarter. BlackRock Inc. now owns 22,716,530 shares of the specialty chemicals company’s stock valued at $2,328,672,000 after purchasing an additional 94,675 shares during the period. Oregon Public Employees Retirement Fund raised its holdings 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 valued at $160,000 after purchasing an additional 13,177,190 shares during the period. Finally, Janus Henderson Group PLC raised its holdings in shares of LyondellBasell Industries by 3.4% in the 3rd quarter. Janus Henderson Group PLC now owns 5,649,960 shares of the specialty chemicals company’s stock valued at $579,177,000 after purchasing an additional 186,039 shares during the period. 69.37% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $104.00 to $125.00 in a report on Wednesday, March 6th. Dougherty & Co cut shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating in a report on Friday, February 22nd. BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating on the stock in a report on Tuesday, February 5th. Zacks Investment Research cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, Deutsche Bank raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $94.00 to $95.00 in a report on Monday, December 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Buy” and an average price target of $117.00.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 EPS for the quarter, missing the Zacks’ consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. The company had revenue of $8.88 billion during the quarter, compared to analyst estimates of $9.22 billion. Equities analysts expect that LyondellBasell Industries NV will post 10.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.00 dividend. The ex-dividend date was Friday, March 1st. This represents a $4.00 dividend on an annualized basis and a yield of 4.60%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is 35.49%.
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LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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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