LyondellBasell Industries (NYSE:LYB) Shares Purchased by DT Investment Partners LLC

DT Investment Partners LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 3.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,725 shares of the specialty chemicals company’s stock after buying an additional 314 shares during the quarter. DT Investment Partners LLC’s holdings in LyondellBasell Industries were worth $1,029,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after acquiring an additional 579,300 shares during the period. Dimensional Fund Advisors LP increased its stake in LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after purchasing an additional 170,464 shares during the period. Capital World Investors raised its holdings in shares of LyondellBasell Industries by 28.9% in the first 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. Envestnet Asset Management Inc. grew its holdings in shares of LyondellBasell Industries by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after buying an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after buying an additional 3,394 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LYB shares. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays decreased their price target on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Royal Bank of Canada lowered their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Finally, UBS Group cut their price target on shares of 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, seven have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.33.

LyondellBasell Industries Stock Down 0.5 %

Shares of NYSE LYB opened at $88.46 on Friday. The stock has a market capitalization of $28.80 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a 52 week low of $87.84 and a 52 week high of $107.02. The firm has a 50-day moving average price of $94.92 and a 200 day moving average price of $96.75. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion during 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $2.44 EPS. Equities research analysts anticipate that LyondellBasell Industries will post 7.8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.06%. LyondellBasell Industries’s payout ratio is 82.84%.

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.