WINTON GROUP Ltd boosted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 244.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 134,133 shares of the specialty chemicals company’s stock after buying an additional 95,236 shares during the quarter. WINTON GROUP Ltd’s holdings in LyondellBasell Industries were worth $7,062,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Woodline Partners LP increased its stake in shares of LyondellBasell Industries by 40.4% in the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares in the last quarter. Focus Partners Wealth grew its holdings in LyondellBasell Industries by 35.4% in the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the period. Baird Financial Group Inc. grew its holdings in LyondellBasell Industries by 69.5% in the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock valued at $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC increased its position in shares of LyondellBasell Industries by 13.9% in the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after buying an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of LyondellBasell Industries by 9.9% in the second quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after buying an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on LYB shares. Alembic Global Advisors decreased their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Royal Bank Of Canada boosted their price target on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. UBS Group increased their price objective on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. Finally, JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $72.56.
LyondellBasell Industries Stock Performance
LYB opened at $64.61 on Thursday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The firm has a market capitalization of $20.87 billion, a PE ratio of -57.18, a PEG ratio of 0.18 and a beta of 0.31. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm’s 50-day moving average price is $61.30 and its 200 day moving average price is $65.95.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s revenue was up 19.8% on a year-over-year basis. During the same period last year, the company posted $0.62 EPS. As a group, sell-side analysts expect that LyondellBasell Industries N.V. will post 9.2 EPS for the current fiscal year.
LyondellBasell Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries’s payout ratio is -244.25%.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.
The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.
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