AustralianSuper Pty Ltd Has $199.02 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

AustralianSuper Pty Ltd reduced its stake in LyondellBasell Industries (NYSE:LYB) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,075,234 shares of the specialty chemicals company’s stock after selling 25,671 shares during the period. LyondellBasell Industries accounts for approximately 1.0% of AustralianSuper Pty Ltd’s investment portfolio, making the stock its 29th biggest position. AustralianSuper Pty Ltd’s holdings in LyondellBasell Industries were worth $199,015,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Capital World Investors grew its stake in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after buying an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $61,327,000. Pacer Advisors Inc. increased its stake in shares of 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 worth $461,930,000 after purchasing an additional 579,300 shares during the period. Ensign Peak Advisors Inc lifted its holdings in LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $17,683,000. 71.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LYB. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Barclays decreased their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $0.04 during trading hours on Thursday, hitting $87.11. 504,292 shares of the stock were exchanged, compared to its average volume of 1,817,861. LyondellBasell Industries has a 1-year low of $86.74 and a 1-year high of $107.02. The company has a market cap of $28.32 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The company’s fifty day simple moving average is $93.98 and its two-hundred day simple moving average is $96.20.

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, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the prior year, the company earned $2.44 EPS. LyondellBasell Industries’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, sell-side analysts predict that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid 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 6.15%. LyondellBasell Industries’s payout ratio is currently 75.39%.

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.