New Mexico Educational Retirement Board lessened its holdings in shares of LyondellBasell Industries NV (NYSE:LYB) by 23.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,150 shares of the specialty chemicals company’s stock after selling 5,050 shares during the period. New Mexico Educational Retirement Board’s holdings in LyondellBasell Industries were worth $802,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arden Trust Co bought a new stake in shares of LyondellBasell Industries during the first quarter valued at approximately $26,000. Capital International Sarl bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $28,000. Westside Investment Management Inc. bought a new stake in shares of LyondellBasell Industries during the first quarter valued at approximately $31,000. Founders Capital Management raised its holdings in shares of LyondellBasell Industries by 175.0% during the first quarter. Founders Capital Management now owns 550 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 350 shares during the last quarter. Finally, Central Bank & Trust Co. raised its holdings in LyondellBasell Industries by 504.1% during the first quarter. Central Bank & Trust Co. now owns 592 shares of the specialty chemicals company’s stock worth $51,000 after purchasing an additional 494 shares in the last quarter. 65.86% of the stock is currently owned by institutional investors.

NYSE LYB opened at $64.95 on Tuesday. LyondellBasell Industries NV has a twelve month low of $33.71 and a twelve month high of $98.91. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.04 and a current ratio of 1.76. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 8.33, a PEG ratio of 1.89 and a beta of 1.55. The firm’s 50 day moving average price is $64.28 and its two-hundred day moving average price is $69.95.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.11. LyondellBasell Industries had a net margin of 8.14% and a return on equity of 36.08%. The firm had revenue of $7.49 billion for the quarter, compared to analysts’ expectations of $7.60 billion. During the same period in the previous year, the company posted $2.22 EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries NV will post 4.96 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 6.47%. The ex-dividend date was Friday, June 5th. LyondellBasell Industries’s dividend payout ratio is currently 43.66%.

In related news, EVP Daniel M. Coombs purchased 4,400 shares of the stock in a transaction dated Monday, May 4th. The shares were acquired at an average cost of $53.28 per share, for a total transaction of $234,432.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Bhavesh V. Patel purchased 4,654 shares of the stock in a transaction dated Monday, April 6th. The shares were bought at an average price of $51.65 per share, for a total transaction of $240,379.10. The disclosure for this purchase can be found here. Insiders own 0.18% of the company’s stock.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $50.00 to $62.00 in a report on Friday. Citigroup cut LyondellBasell Industries from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $60.00 to $64.00 in a report on Monday. Atlantic Securities assumed coverage on LyondellBasell Industries in a report on Monday, June 1st. They set an “overweight” rating and a $76.00 target price on the stock. Bank of America cut LyondellBasell Industries from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $53.00 to $57.00 in a report on Monday, May 4th. Finally, BNP Paribas reissued a “neutral” rating on shares of LyondellBasell Industries in a report on Wednesday, April 1st. Two research analysts have rated the stock with a sell rating, sixteen have given a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $70.27.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

Featured Article: Producer Price Index (PPI)

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.