Wedbush Securities Inc. acquired a new stake in LyondellBasell Industries (NYSE:LYB – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,749 shares of the specialty chemicals company’s stock, valued at approximately $228,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of LyondellBasell Industries by 0.8% during the third quarter. Vanguard Group Inc. now owns 32,347,352 shares of the specialty chemicals company’s stock worth $2,435,108,000 after buying an additional 271,342 shares in the last quarter. State Street Corp increased its holdings in LyondellBasell Industries by 2.9% in the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company’s stock worth $1,266,977,000 after purchasing an additional 348,169 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in LyondellBasell Industries by 205.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock valued at $458,010,000 after purchasing an additional 2,995,335 shares during the last quarter. Dimensional Fund Advisors LP raised its position in LyondellBasell Industries by 8.9% in the third quarter. Dimensional Fund Advisors LP now owns 4,392,024 shares of the specialty chemicals company’s stock valued at $330,629,000 after purchasing an additional 360,362 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of LyondellBasell Industries by 0.5% during the third quarter. AustralianSuper Pty Ltd now owns 4,337,383 shares of the specialty chemicals company’s stock valued at $326,518,000 after purchasing an additional 19,447 shares in the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on LYB shares. Mizuho raised their price objective on shares of LyondellBasell Industries from $89.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Deutsche Bank Aktiengesellschaft upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, March 20th. Jefferies Financial Group downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and decreased their price objective for the company from $113.00 to $90.00 in a report on Thursday, April 13th. UBS Group lifted their target price on LyondellBasell Industries from $81.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, January 11th. Finally, Wells Fargo & Company increased their price target on LyondellBasell Industries from $97.00 to $109.00 and gave the company an “overweight” rating in a research note on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $99.21.
Insider Transactions at LyondellBasell Industries
LyondellBasell Industries Trading Down 0.1 %
NYSE:LYB opened at $97.15 on Wednesday. LyondellBasell Industries has a 12 month low of $71.46 and a 12 month high of $117.22. The company has a current ratio of 1.75, a quick ratio of 1.04 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $31.62 billion, a price-to-earnings ratio of 8.23, a PEG ratio of 1.35 and a beta of 1.21. The firm has a fifty day simple moving average of $93.70 and a two-hundred day simple moving average of $88.17.
LyondellBasell Industries (NYSE:LYB – Get Rating) last issued its earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.09 by $0.20. LyondellBasell Industries had a return on equity of 32.96% and a net margin of 7.71%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.73 billion. During the same period last year, the business posted $3.63 EPS. The firm’s revenue for the quarter was down 20.5% compared to the same quarter last year. Analysts expect that LyondellBasell Industries will post 8.97 EPS for the current fiscal year.
LyondellBasell Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, March 6th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, March 3rd. This represents a $4.76 annualized dividend and a dividend yield of 4.90%. LyondellBasell Industries’s dividend payout ratio is 40.34%.
LyondellBasell Industries Company Profile
LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
Read More
- Get a free copy of the StockNews.com research report on LyondellBasell Industries (LYB)
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