Lighthouse Investment Partners LLC acquired a new position in shares of LyondellBasell Industries (NYSE:LYB – Free Report) 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 – Get Free Report) 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.
Read More
- Five stocks we like better than LyondellBasell Industries
- ESG Stocks, What Investors Should Know
- CarMax’s Impressive Rally: What Investors Should Watch Next
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- MarketBeat Week in Review – 9/23 – 9/27
- What Are Dividend Contenders? Investing in Dividend Contenders
- Wake Up to This Biotech Stock That Still Has Big Potential Upside
Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries (NYSE:LYB – Free Report).
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.