Several other institutional investors also recently bought and sold shares of the business. AlphaStar Capital Management LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $471,000. Avail Investment Partners LLC increased its holdings in LyondellBasell Industries by 43.5% in the 3rd quarter. Avail Investment Partners LLC now owns 6,081 shares of the specialty chemicals company’s stock worth $349,000 after acquiring an additional 1,843 shares in the last quarter. Vontobel Holding Ltd. increased its holdings in LyondellBasell Industries by 49.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 8,890 shares of the specialty chemicals company’s stock worth $511,000 after acquiring an additional 2,926 shares in the last quarter. TD Waterhouse Canada Inc. increased its holdings in LyondellBasell Industries by 70.9% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 3,617 shares of the specialty chemicals company’s stock worth $209,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Aspiriant LLC acquired a new position in LyondellBasell Industries during the third quarter worth $202,000. 71.20% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets LYB has been the topic of several recent analyst reports. Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Alembic Global Advisors dropped their target price on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Morgan Stanley cut their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th. Citigroup restated a “neutral” rating and set a $63.00 price target (down from $72.00) on shares of LyondellBasell Industries in a research report on Wednesday, September 30th. Finally, Wall Street Zen downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $71.50.
Read Our Latest Stock Report on LYB LyondellBasell Industries Stock Performance Shares of NYSE:LYB opened at $64.00 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The firm has a market capitalization of $20.67 billion, a PE ratio of -56.64, a P/E/G ratio of 0.17 and a beta of 0.30. The business’s 50 day moving average price is $62.45 and its 200-day moving average price is $64.60.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 EPS. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 9.17 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, August 31st. Stockholders of record on Monday, August 24th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.3%. LyondellBasell Industries’s dividend payout ratio is presently -244.25%.
(Free Report)
LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.
The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.
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