Americana Partners LLC Has $1.85 Million Stake in LyondellBasell Industries (NYSE:LYB)

Americana Partners LLC boosted its position in LyondellBasell Industries (NYSE:LYB) by 11.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 19,336 shares of the specialty chemicals company’s stock after purchasing an additional 2,042 shares during the period. Americana Partners LLC’s holdings in LyondellBasell Industries were worth $1,850,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC boosted its position in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $27,000. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $27,000. Gold Investment Management Ltd. bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $28,000. Finally, Beacon Capital Management LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth approximately $28,000. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Barclays upped their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. JPMorgan Chase & Co. upped their price target on LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.55.

LyondellBasell Industries Trading Up 0.5 %

NYSE:LYB opened at $98.70 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The firm has a market cap of $32.09 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.33 and a beta of 1.09. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The firm has a 50-day moving average price of $96.31 and a two-hundred day moving average price of $98.38.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $2.44 EPS. On average, equities analysts expect that LyondellBasell Industries will post 8.11 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.43%. The ex-dividend date is Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

LyondellBasell Industries Company Profile

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.