Private Advisor Group LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 68.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,005 shares of the specialty chemicals company's stock after buying an additional 10,189 shares during the quarter. Private Advisor Group LLC's holdings in LyondellBasell Industries were worth $2,187,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Unison Advisors LLC grew its stake in LyondellBasell Industries by 1.1% during the second quarter. Unison Advisors LLC now owns 33,157 shares of the specialty chemicals company's stock worth $2,900,000 after buying an additional 357 shares during the period. ACG Wealth purchased a new stake in LyondellBasell Industries during the second quarter worth approximately $79,000. Allworth Financial LP grew its stake in LyondellBasell Industries by 18.8% during the second quarter. Allworth Financial LP now owns 980 shares of the specialty chemicals company's stock worth $86,000 after buying an additional 155 shares during the period. HBW Advisory Services LLC grew its stake in LyondellBasell Industries by 175.6% during the second quarter. HBW Advisory Services LLC now owns 6,056 shares of the specialty chemicals company's stock worth $744,000 after buying an additional 3,859 shares during the period. Finally, Fusion Capital LLC grew its stake in LyondellBasell Industries by 8.1% during the second quarter. Fusion Capital LLC now owns 40,664 shares of the specialty chemicals company's stock worth $3,556,000 after buying an additional 3,043 shares during the period. 70.07% of the stock is currently owned by hedge funds and other institutional investors.
Get LyondellBasell Industries alerts:LyondellBasell Industries Stock Up 3.0 %
Shares of NYSE:LYB opened at $75.50 on Thursday. The stock has a market capitalization of $24.63 billion, a price-to-earnings ratio of 4.60, a price-to-earnings-growth ratio of 0.58 and a beta of 1.27. LyondellBasell Industries has a 1-year low of $71.46 and a 1-year high of $117.22. The company's fifty day moving average is $84.24 and its two-hundred day moving average is $95.54. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.68.
LyondellBasell Industries (NYSE:LYB – Get Rating) last released its quarterly earnings data on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share for the quarter, topping analysts' consensus estimates of $4.97 by $0.22. LyondellBasell Industries had a net margin of 10.19% and a return on equity of 49.41%. The business had revenue of $14.84 billion for the quarter, compared to analysts' expectations of $13.70 billion. During the same quarter last year, the company earned $6.13 EPS. The company's revenue for the quarter was up 28.3% compared to the same quarter last year. Equities analysts anticipate that LyondellBasell Industries will post 15.65 EPS for the current year.LyondellBasell Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 29th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Friday, August 26th. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.13. LyondellBasell Industries's dividend payout ratio (DPR) is 29.01%.
Analyst Ratings Changes
LYB has been the subject of several research reports. Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $99.00 to $97.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 2nd. Deutsche Bank Aktiengesellschaft decreased their target price 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. StockNews.com downgraded shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, September 2nd. KeyCorp downgraded shares of LyondellBasell Industries from a "sector weight" rating to an "underweight" rating and set a $73.00 target price for the company. in a research note on Monday, August 29th. Finally, Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $115.00 to $100.00 and set an "overweight" rating for the company in a research note on Tuesday, September 13th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $101.45.
LyondellBasell Industries Company Profile
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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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