Siemens Fonds Invest GmbH Sells 2,061 Shares of LyondellBasell Industries (NYSE:LYB)

Siemens Fonds Invest GmbH decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,609 shares of the specialty chemicals company’s stock after selling 2,061 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in LyondellBasell Industries were worth $194,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Rafferty Asset Management LLC grew its stake in shares of LyondellBasell Industries by 12.3% during the fourth quarter. Rafferty Asset Management LLC now owns 22,544 shares of the specialty chemicals company’s stock valued at $1,674,000 after buying an additional 2,470 shares during the last quarter. Redwood Investment Management LLC bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $1,710,000. ProShare Advisors LLC grew its stake in shares of LyondellBasell Industries by 9.3% during the fourth quarter. ProShare Advisors LLC now owns 63,767 shares of the specialty chemicals company’s stock valued at $4,736,000 after buying an additional 5,421 shares during the last quarter. Mufg Securities Americas Inc. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $285,000. Finally, Man Group plc bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $2,976,000. Institutional investors own 71.20% of the company’s stock.

Insider Activity

In other LyondellBasell Industries news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 2.3%

LyondellBasell Industries stock opened at $59.75 on Monday. The business has a fifty day moving average of $62.28 and a two-hundred day moving average of $72.37. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a market cap of $19.20 billion, a P/E ratio of 14.43, a P/E/G ratio of 0.97 and a beta of 0.87. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $100.98.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The firm’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. On average, analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 8.97%. LyondellBasell Industries’s dividend payout ratio is presently 165.43%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LYB shares. Citigroup dropped their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets dropped their price objective on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, April 4th. Barclays dropped their price objective on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Finally, Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $62.00 to $61.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $69.75.

LyondellBasell Industries 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.