Adams Diversified Equity Fund Inc. cut its holdings in LyondellBasell Industries NV (NYSE:LYB) by 31.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,700 shares of the specialty chemicals company’s stock after selling 42,500 shares during the quarter. Adams Diversified Equity Fund Inc.’s holdings in LyondellBasell Industries were worth $10,337,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of LyondellBasell Industries by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after buying an additional 1,069,625 shares during the period. Bank of New York Mellon Corp grew its position in LyondellBasell Industries by 1.9% during the 4th quarter. Bank of New York Mellon Corp now owns 4,290,738 shares of the specialty chemicals company’s stock valued at $473,353,000 after purchasing an additional 81,033 shares during the last quarter. LSV Asset Management grew its position in LyondellBasell Industries by 7.3% during the 4th quarter. LSV Asset Management now owns 3,367,384 shares of the specialty chemicals company’s stock valued at $371,489,000 after purchasing an additional 229,450 shares during the last quarter. APG Asset Management N.V. grew its position in LyondellBasell Industries by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 2,543,033 shares of the specialty chemicals company’s stock valued at $233,634,000 after purchasing an additional 157,400 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of LyondellBasell Industries by 42.1% during the 4th quarter. Wells Fargo & Company MN now owns 2,486,577 shares of the specialty chemicals company’s stock valued at $274,318,000 after acquiring an additional 736,109 shares during the last quarter. 73.21% of the stock is currently owned by hedge funds and other institutional investors.
LyondellBasell Industries NV (LYB) opened at $109.66 on Wednesday. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $121.95. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96. The firm has a market cap of $43,260.00, a P/E ratio of 10.74, a PEG ratio of 1.15 and a beta of 1.05.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, March 5th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date is Friday, March 2nd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is 35.26%.
A number of analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed a “hold” rating and set a $119.00 price target on shares of LyondellBasell Industries in a report on Thursday, January 25th. Cowen reaffirmed a “hold” rating and set a $125.00 price target on shares of LyondellBasell Industries in a report on Wednesday, January 31st. ValuEngine raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Wells Fargo & Co reaffirmed an “outperform” rating and set a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Finally, Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $108.24.
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LyondellBasell Industries 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.
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