Ensign Peak Advisors Inc Buys 347,877 Shares of LyondellBasell Industries (NYSE:LYB)

Ensign Peak Advisors Inc increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 80.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 779,040 shares of the specialty chemicals company’s stock after acquiring an additional 347,877 shares during the quarter. Ensign Peak Advisors Inc owned about 0.24% of LyondellBasell Industries worth $74,523,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYB. Vanguard Group Inc. boosted its holdings in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after purchasing an additional 290,401 shares during the last quarter. Pacer Advisors Inc. boosted its stake in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after buying an additional 170,464 shares in the last quarter. Capital World Investors raised its holdings in shares of LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of LyondellBasell Industries by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after acquiring an additional 6,760 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $94.04 on Friday. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The firm has a market cap of $30.62 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.28 and a beta of 1.07. The business’s fifty day simple moving average is $96.23 and its two-hundred day simple moving average is $98.00. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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. The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.44 EPS. Analysts predict that LyondellBasell Industries will post 8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.70%. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LYB. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company dropped their price target 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. Deutsche Bank Aktiengesellschaft upped their price objective 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, UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.27.

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.