Green Square Capital Advisors LLC lifted its stake in LyondellBasell Industries (NYSE:LYB – Get Rating) by 2.4% during the 2nd quarter, Holdings Channel reports. The firm owned 18,851 shares of the specialty chemicals company's stock after acquiring an additional 443 shares during the period. Green Square Capital Advisors LLC's holdings in LyondellBasell Industries were worth $1,649,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in LyondellBasell Industries by 10.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 75,796 shares of the specialty chemicals company's stock worth $6,629,000 after buying an additional 7,337 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in LyondellBasell Industries by 121.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 4,857 shares of the specialty chemicals company's stock worth $425,000 after buying an additional 2,668 shares during the period. Sawtooth Solutions LLC raised its stake in LyondellBasell Industries by 27.5% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,808 shares of the specialty chemicals company's stock worth $333,000 after buying an additional 822 shares during the period. Twelve Points Wealth Management LLC raised its stake in LyondellBasell Industries by 11.5% during the 2nd quarter. Twelve Points Wealth Management LLC now owns 7,992 shares of the specialty chemicals company's stock worth $699,000 after buying an additional 827 shares during the period. Finally, Sterling Investment Counsel LLC acquired a new stake in LyondellBasell Industries during the 2nd quarter worth $214,000. Institutional investors and hedge funds own 70.07% of the company's stock.
Get LyondellBasell Industries alerts:Wall Street Analysts Forecast Growth
Several analysts recently commented on the company. Bank of America dropped their price objective on LyondellBasell Industries from $109.00 to $100.00 and set an "underperform" rating on the stock in a research note on Tuesday, June 14th. Barclays dropped their price target on LyondellBasell Industries from $110.00 to $102.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 2nd. KeyCorp downgraded LyondellBasell Industries from a "sector weight" rating to an "underweight" rating and set a $73.00 price target on the stock. in a research note on Monday, August 29th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $115.00 to $100.00 and set an "overweight" rating on the stock in a research note on Tuesday, September 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on LyondellBasell Industries from $95.00 to $92.00 and set a "hold" rating on the stock in a research note on Wednesday, September 14th. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $101.45.
LyondellBasell Industries Trading Up 3.0 %
LyondellBasell Industries stock opened at $75.50 on Thursday. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $117.22. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.68. The stock has a market capitalization of $24.63 billion, a P/E ratio of 4.60, a PEG ratio of 0.59 and a beta of 1.27. The stock has a 50-day simple moving average of $84.24 and a 200 day simple moving average of $95.54.LyondellBasell Industries (NYSE:LYB – Get Rating) last posted its quarterly earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, topping analysts' consensus estimates of $4.97 by $0.22. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The business had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $13.70 billion. During the same quarter last year, the company posted $6.13 earnings per share. LyondellBasell Industries's quarterly revenue was up 28.3% on a year-over-year basis. Analysts expect that LyondellBasell Industries will post 15.65 earnings per share for the current year.
LyondellBasell Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 29th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date was Friday, August 26th. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.13. LyondellBasell Industries's payout ratio is currently 29.01%.
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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