LyondellBasell Industries (NYSE:LYB) Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 13,905 shares of the specialty chemicals company’s stock after buying an additional 120 shares during the period. Verdence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $1,330,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC purchased a new stake in LyondellBasell Industries in the fourth quarter valued at $14,000,000. CWM LLC increased its position in shares of LyondellBasell Industries by 31.9% during the fourth quarter. CWM LLC now owns 5,722 shares of the specialty chemicals company’s stock worth $544,000 after purchasing an additional 1,384 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of LyondellBasell Industries by 57.6% in the 4th quarter. Parkside Financial Bank & Trust now owns 509 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 186 shares during the last quarter. GAMMA Investing LLC acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $56,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in LyondellBasell Industries by 3.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,315 shares of the specialty chemicals company’s stock worth $600,000 after buying an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.9 %

LYB opened at $97.87 on Tuesday. The business has a 50 day simple moving average of $96.08 and a 200-day simple moving average of $98.36. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month high of $107.02. The stock has a market capitalization of $31.87 billion, a P/E ratio of 15.13, a P/E/G ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the company earned $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.48%. LyondellBasell Industries’s payout ratio is currently 82.84%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LYB. BMO Capital Markets boosted their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Mizuho increased their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Barclays raised their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $107.55.

About LyondellBasell Industries

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.