LyondellBasell Industries (NYSE:LYB) Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 11.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,007 shares of the specialty chemicals company’s stock after purchasing an additional 2,536 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in LyondellBasell Industries were worth $2,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the first quarter valued at approximately $27,000. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter worth approximately $28,000. Blue Trust Inc. increased its position in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Independence Bank of Kentucky raised its stake in LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new position in LyondellBasell Industries in the 4th quarter valued at $37,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 2.0 %

Shares of LyondellBasell Industries stock opened at $96.75 on Friday. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. 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 capitalization of $31.50 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.29 and a beta of 1.07. The stock has a 50 day moving average of $95.95 and a 200 day moving average of $97.70.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period last year, the company earned $2.44 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts predict that LyondellBasell Industries will post 7.94 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LYB shares. UBS Group dropped their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped 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. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $107.27.

LyondellBasell Industries 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.