Lighthouse Investment Partners LLC Purchases New Shares in LyondellBasell Industries (NYSE:LYB)

Lighthouse Investment Partners LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 20,873 shares of the specialty chemicals company’s stock, valued at approximately $1,997,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lantz Financial LLC raised its holdings in shares of LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after buying an additional 109 shares during the period. Verdence Capital Advisors LLC grew its position in LyondellBasell Industries by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after acquiring an additional 120 shares during the last quarter. RDA Financial Network increased its stake in LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 122 shares during the period. Latitude Advisors LLC lifted its position in shares of LyondellBasell Industries by 5.3% during the first quarter. Latitude Advisors LLC now owns 2,606 shares of the specialty chemicals company’s stock worth $267,000 after purchasing an additional 132 shares during the last quarter. Finally, Ignite Planners LLC boosted its stake in shares of LyondellBasell Industries by 1.6% during the second quarter. Ignite Planners LLC now owns 8,582 shares of the specialty chemicals company’s stock valued at $803,000 after purchasing an additional 132 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research analyst reports. 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 report on Tuesday, August 6th. UBS Group decreased their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $107.27.

LyondellBasell Industries Price Performance

LYB opened at $96.43 on Friday. The firm has a market capitalization of $31.40 billion, a PE ratio of 14.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The business’s 50-day moving average is $96.03 and its two-hundred day moving average is $97.84. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02.

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, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the previous year, the business posted $2.44 EPS. LyondellBasell Industries’s revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.56%. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.