Allworth Financial LP boosted its position in LyondellBasell Industries (NYSE:LYB – Get Rating) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 980 shares of the specialty chemicals company's stock after buying an additional 155 shares during the period. Allworth Financial LP's holdings in LyondellBasell Industries were worth $86,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. WealthBridge Investment Counsel Inc. grew its position in LyondellBasell Industries by 0.4% in the 1st quarter. WealthBridge Investment Counsel Inc. now owns 25,930 shares of the specialty chemicals company's stock valued at $2,666,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of LyondellBasell Industries by 0.6% during the 1st quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the specialty chemicals company's stock worth $1,845,000 after purchasing an additional 100 shares in the last quarter. SPC Financial Inc. boosted its position in shares of LyondellBasell Industries by 2.1% during the 1st quarter. SPC Financial Inc. now owns 4,800 shares of the specialty chemicals company's stock worth $494,000 after purchasing an additional 100 shares in the last quarter. City State Bank boosted its position in shares of LyondellBasell Industries by 6.2% during the 1st quarter. City State Bank now owns 1,705 shares of the specialty chemicals company's stock worth $175,000 after purchasing an additional 100 shares in the last quarter. Finally, Blair William & Co. IL boosted its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company's stock worth $1,112,000 after purchasing an additional 107 shares in the last quarter. 70.07% of the stock is currently owned by hedge funds and other institutional investors.
Get LyondellBasell Industries alerts:LyondellBasell Industries Stock Performance
LyondellBasell Industries stock opened at $73.28 on Wednesday. The stock has a market cap of $23.90 billion, a P/E ratio of 4.47, a price-to-earnings-growth ratio of 0.58 and a beta of 1.27. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90. The stock has a 50 day moving average of $84.51 and a 200-day moving average of $95.68. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $117.22.
LyondellBasell Industries (NYSE:LYB – Get Rating) last released its earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, beating the consensus estimate of $4.97 by $0.22. The company had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $13.70 billion. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The business's revenue was up 28.3% on a year-over-year basis. During the same period in the prior year, the business posted $6.13 EPS. On average, analysts expect that LyondellBasell Industries will post 15.65 EPS for the current fiscal year.LyondellBasell Industries Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 29th were given a dividend of $1.19 per share. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.13. This represents a $4.76 annualized dividend and a dividend yield of 6.50%. The ex-dividend date was Friday, August 26th. LyondellBasell Industries's dividend payout ratio is currently 29.01%.
Analysts Set New Price Targets
Several equities research analysts recently commented on LYB shares. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, September 2nd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $95.00 to $92.00 and set a "hold" rating for the company in a research note on Wednesday, September 14th. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $115.00 to $98.00 in a research note on Monday, July 25th. Jefferies Financial Group dropped their price objective on shares of LyondellBasell Industries from $135.00 to $117.00 in a research note on Thursday, June 16th. Finally, Morgan Stanley decreased their target price on LyondellBasell Industries from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $101.45.
About LyondellBasell Industries
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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.
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