California State Teachers Retirement System Decreases Stake in LyondellBasell Industries (NYSE:LYB)

California State Teachers Retirement System decreased its position in LyondellBasell Industries (NYSE:LYB) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 349,747 shares of the specialty chemicals company’s stock after selling 13,343 shares during the period. California State Teachers Retirement System owned 0.11% of LyondellBasell Industries worth $35,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after purchasing an additional 290,401 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock worth $540,424,000 after buying an additional 33,212 shares during the period. Capital World Investors boosted its holdings in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares during the period. Wells Fargo & Company MN boosted its holdings in LyondellBasell Industries by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after buying an additional 13,093 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in LyondellBasell Industries by 1.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,140,336 shares of the specialty chemicals company’s stock worth $108,423,000 after buying an additional 13,169 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.2 %

NYSE:LYB traded up $1.20 during mid-day trading on Wednesday, hitting $99.46. 1,626,407 shares of the company’s stock were exchanged, compared to its average volume of 1,779,577. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The business has a fifty day moving average price of $96.05 and a 200 day moving average price of $98.04. The company has a market cap of $32.39 billion, a PE ratio of 15.19, a P/E/G ratio of 1.20 and a beta of 1.09.

LyondellBasell Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.39%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is presently 82.84%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, April 30th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. BMO Capital Markets raised their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a report on Tuesday, April 30th. Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company lifted their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $105.17.

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.