State of Tennessee Treasury Department decreased its position in LyondellBasell Industries NV (NYSE:LYB) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,359 shares of the specialty chemicals company’s stock after selling 803 shares during the quarter. State of Tennessee Treasury Department’s holdings in LyondellBasell Industries were worth $2,996,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. American Trust Investment Advisors LLC grew its position in shares of LyondellBasell Industries by 0.5% in the fourth quarter. American Trust Investment Advisors LLC now owns 26,415 shares of the specialty chemicals company’s stock valued at $2,496,000 after purchasing an additional 120 shares during the last quarter. ARGI Investment Services LLC grew its position in shares of LyondellBasell Industries by 0.4% in the fourth quarter. ARGI Investment Services LLC now owns 37,530 shares of the specialty chemicals company’s stock valued at $3,081,000 after purchasing an additional 166 shares during the last quarter. Belpointe Asset Management LLC grew its position in shares of LyondellBasell Industries by 11.7% in the fourth quarter. Belpointe Asset Management LLC now owns 1,680 shares of the specialty chemicals company’s stock valued at $159,000 after purchasing an additional 176 shares during the last quarter. Utah Retirement Systems grew its position in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Utah Retirement Systems now owns 50,716 shares of the specialty chemicals company’s stock valued at $4,791,000 after purchasing an additional 200 shares during the last quarter. Finally, Quantum Capital Management grew its position in shares of LyondellBasell Industries by 1.9% in the fourth quarter. Quantum Capital Management now owns 11,145 shares of the specialty chemicals company’s stock valued at $1,053,000 after purchasing an additional 209 shares during the last quarter. 65.86% of the stock is currently owned by institutional investors.

Several equities analysts have recently commented on the company. BNP Paribas reaffirmed a “neutral” rating on shares of LyondellBasell Industries in a research report on Wednesday, April 1st. Barclays reissued a “buy” rating on shares of LyondellBasell Industries in a research report on Friday, April 17th. Alembic Global Advisors downgraded LyondellBasell Industries from an “overweight” rating to a “neutral” rating and set a $55.00 price target on the stock. in a research report on Monday, May 11th. Zacks Investment Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating and set a $72.00 price target on the stock in a research report on Wednesday, May 27th. Finally, KeyCorp started coverage on LyondellBasell Industries in a research report on Wednesday, March 25th. They set a “sector weight” rating and a $46.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.27.

NYSE LYB opened at $64.95 on Tuesday. The business has a fifty day moving average price of $64.28 and a two-hundred day moving average price of $69.95. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.76 and a quick ratio of 1.04. LyondellBasell Industries NV has a fifty-two week low of $33.71 and a fifty-two week high of $98.91. The stock has a market capitalization of $21.15 billion, a PE ratio of 8.33, a PEG ratio of 1.89 and a beta of 1.55.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.11. LyondellBasell Industries had a return on equity of 36.08% and a net margin of 8.14%. The company had revenue of $7.49 billion during the quarter, compared to analysts’ expectations of $7.60 billion. During the same period in the prior year, the company earned $2.22 EPS. LyondellBasell Industries’s revenue was down 14.6% compared to the same quarter last year. As a group, sell-side analysts expect that LyondellBasell Industries NV will post 4.96 earnings per share for the current year.

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

In other news, EVP Daniel M. Coombs purchased 4,400 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was bought at an average cost of $53.28 per share, for a total transaction of $234,432.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Bhavesh V. Patel purchased 4,654 shares of the company’s stock in a transaction dated Monday, April 6th. The stock was purchased at an average price of $51.65 per share, with a total value of $240,379.10. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Company Profile

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.

Read More: Retained Earnings

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

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