LyondellBasell Industries (NYSE:LYB) Shares Acquired by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 182.3% during the second quarter, HoldingsChannel.com reports. The fund owned 6,555 shares of the specialty chemicals company’s stock after buying an additional 4,233 shares during the period. Citizens Financial Group Inc. RI’s holdings in LyondellBasell Industries were worth $627,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYB. Norden Group LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $3,686,000. Sound Income Strategies LLC increased its stake in shares of LyondellBasell Industries by 9.3% in the 1st quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock worth $22,679,000 after acquiring an additional 18,901 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after acquiring an additional 21,809 shares during the period. Brevan Howard Capital Management LP boosted its position in shares of LyondellBasell Industries by 772.9% during the 4th quarter. Brevan Howard Capital Management LP now owns 20,914 shares of the specialty chemicals company’s stock valued at $1,989,000 after acquiring an additional 18,518 shares during the last quarter. Finally, Banco Santander S.A. purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at about $3,607,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on LYB. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group lowered their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI upgraded 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 given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $107.27.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $94.99 on Wednesday. The company has a market cap of $30.93 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. 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 stock has a 50-day moving average of $96.19 and a two-hundred day moving average of $98.12.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 earnings per share. As a group, analysts anticipate that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 5.64%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 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.