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State of Tennessee Treasury Department decreased its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 40.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,613 shares of the specialty chemicals company’s stock after selling 205,963 shares during the period. State of Tennessee Treasury Department owned 0.08% of LyondellBasell Industries worth $25,581,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Advisors Preferred LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $31,000. Pflug Koory LLC raised its position in shares of LyondellBasell Industries by 100.0% in the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 200 shares in the last quarter. We Are One Seven LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $51,000. Westside Investment Management Inc. raised its position in shares of LyondellBasell Industries by 400.0% in the 4th quarter. Westside Investment Management Inc. now owns 625 shares of the specialty chemicals company’s stock worth $52,000 after acquiring an additional 500 shares in the last quarter. Finally, Lindbrook Capital LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $60,000. 72.26% of the stock is owned by institutional investors and hedge funds. Get LyondellBasell Industries alerts:

A number of research firms recently weighed in on LYB. HSBC raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research report on Friday, November 2nd. Dougherty & Co lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. BMO Capital Markets reduced their price objective on LyondellBasell Industries from $97.00 to $95.00 and set a “market perform” rating for the company in a research report on Tuesday, February 5th. Zacks Investment Research lowered LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank raised LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their price objective for the company from $94.00 to $95.00 in a research report on Monday, December 17th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $116.50. In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $88.63 per share, for a total transaction of $443,150.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Company insiders own 0.09% of the company’s stock.

Shares of LYB opened at $85.05 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.10 and a debt-to-equity ratio of 0.83. LyondellBasell Industries NV has a 12 month low of $77.52 and a 12 month high of $119.39. The firm has a market cap of $34.20 billion, a price-to-earnings ratio of 7.55, a price-to-earnings-growth ratio of 0.91 and a beta of 1.17.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 EPS for the quarter, missing the consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a net margin of 12.02% and a return on equity of 42.30%. The business had revenue of $8.88 billion for the quarter, compared to analysts’ expectations of $9.22 billion. On average, equities research analysts expect that LyondellBasell Industries NV will post 10.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Shareholders of record on Monday, March 4th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.70%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 35.49%.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds. LyondellBasell Industries LyondellBasell Industries