Federated Hermes Inc. Has $476.59 Million Position in LyondellBasell Industries (NYSE:LYB)

Federated Hermes Inc. lowered its holdings in LyondellBasell Industries (NYSE:LYB) by 11.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,012,465 shares of the specialty chemicals company’s stock after selling 655,459 shares during the quarter. LyondellBasell Industries makes up 1.2% of Federated Hermes Inc.’s portfolio, making the stock its 6th biggest position. Federated Hermes Inc. owned 1.55% of LyondellBasell Industries worth $476,585,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of LyondellBasell Industries by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company’s stock worth $3,172,226,000 after acquiring an additional 335,124 shares in the last quarter. State Street Corp increased its stake in LyondellBasell Industries by 2.9% during the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company’s stock valued at $1,266,977,000 after purchasing an additional 348,169 shares in the last quarter. FMR LLC increased its stake in LyondellBasell Industries by 10.3% during the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company’s stock valued at $796,290,000 after purchasing an additional 787,221 shares in the last quarter. Morgan Stanley increased its stake in LyondellBasell Industries by 9.9% during the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock valued at $597,140,000 after purchasing an additional 569,887 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of LyondellBasell Industries by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,650,680 shares of the specialty chemicals company’s stock valued at $535,119,000 after acquiring an additional 143,542 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now directly owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 in the last ninety days. 0.12% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Up 0.1 %

LYB stock traded up $0.06 during mid-day trading on Thursday, hitting $99.76. 288,790 shares of the company were exchanged, compared to its average volume of 1,922,064. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $32.47 billion, a P/E ratio of 15.41, a PEG ratio of 1.22 and a beta of 1.19. The business has a fifty day simple moving average of $100.22 and a 200-day simple moving average of $96.11. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities research analysts predict that LyondellBasell Industries will post 8.63 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, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.01%. LyondellBasell Industries’s payout ratio is 77.28%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a report on Monday, February 5th. Wells Fargo & Company increased their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $103.82.

LyondellBasell Industries Company 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.