Everence Capital Management Inc. Has $2.29 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Everence Capital Management Inc. decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 58.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,780 shares of the specialty chemicals company’s stock after selling 43,740 shares during the period. Everence Capital Management Inc.’s holdings in LyondellBasell Industries were worth $2,286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Jacobs Levy Equity Management Inc. raised its stake in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after purchasing an additional 871,708 shares during the period. Pacer Advisors Inc. increased its stake in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the period. Ensign Peak Advisors Inc lifted its position in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after buying an additional 347,877 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after acquiring an additional 293,622 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB traded down $0.14 during midday trading on Friday, hitting $72.64. The stock had a trading volume of 841,474 shares, compared to its average volume of 1,790,361. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The business has a fifty day moving average of $80.27 and a 200 day moving average of $90.06. The company has a market cap of $23.59 billion, a P/E ratio of 11.06, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities analysts forecast that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.38%. LyondellBasell Industries’s payout ratio is presently 81.58%.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LYB shares. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, December 10th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $96.27.

About LyondellBasell Industries

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.