Hutchinson Capital Management CA Sells 840 Shares of LyondellBasell Industries NV (NYSE:LYB)

Hutchinson Capital Management CA reduced its stake in LyondellBasell Industries NV (NYSE:LYB) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,476 shares of the specialty chemicals company’s stock after selling 840 shares during the period. LyondellBasell Industries accounts for 3.3% of Hutchinson Capital Management CA’s holdings, making the stock its 14th biggest holding. Hutchinson Capital Management CA’s holdings in LyondellBasell Industries were worth $11,358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the business. Advisors Capital Management LLC lifted its position in LyondellBasell Industries by 12.0% during the first quarter. Advisors Capital Management LLC now owns 80,646 shares of the specialty chemicals company’s stock valued at $8,522,000 after acquiring an additional 8,642 shares during the last quarter. Chicago Capital LLC purchased a new position in shares of LyondellBasell Industries in the first quarter worth $211,000. Northwest Bancshares Inc. purchased a new position in shares of LyondellBasell Industries in the first quarter worth $488,000. BlackRock Inc. raised its holdings in shares of LyondellBasell Industries by 9.7% in the first quarter. BlackRock Inc. now owns 22,607,029 shares of the specialty chemicals company’s stock worth $2,389,109,000 after buying an additional 2,002,494 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its holdings in shares of LyondellBasell Industries by 7.7% in the first quarter. Glen Harbor Capital Management LLC now owns 129,812 shares of the specialty chemicals company’s stock worth $13,718,000 after buying an additional 9,282 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

A number of research firms have recently weighed in on LYB. Barclays reiterated a “buy” rating and issued a $135.00 price objective on shares of LyondellBasell Industries in a research note on Sunday, May 20th. Jefferies Financial Group upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and increased their price objective for the stock from $78.01 to $121.95 in a research note on Wednesday, May 16th. ValuEngine lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Morgan Stanley set a $130.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Finally, MED reiterated a “buy” rating and issued a $140.00 target price on shares of LyondellBasell Industries in a research report on Monday, May 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of “Buy” and an average price target of $116.56.

NYSE LYB traded down $1.38 on Thursday, hitting $114.15. 1,434,705 shares of the stock were exchanged, compared to its average volume of 2,337,850. The stock has a market capitalization of $46.08 billion, a PE ratio of 11.16, a price-to-earnings-growth ratio of 1.16 and a beta of 1.09. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 0.88. LyondellBasell Industries NV has a fifty-two week low of $78.88 and a fifty-two week high of $121.95.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 27th. The specialty chemicals company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.31. LyondellBasell Industries had a net margin of 14.83% and a return on equity of 53.55%. The business had revenue of $9.77 billion during the quarter, compared to the consensus estimate of $9.43 billion. During the same quarter in the previous year, the firm earned $1.98 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. equities research analysts expect that LyondellBasell Industries NV will post 11.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 18th. Investors of record on Monday, June 11th will be given a $1.00 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 8th. This represents a $4.00 annualized dividend and a yield of 3.50%. LyondellBasell Industries’s dividend payout ratio is 39.10%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply