Quantbot Technologies LP Takes $3.17 Million Position in LyondellBasell Industries (NYSE:LYB)

Quantbot Technologies LP bought a new stake in LyondellBasell Industries (NYSE:LYB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 33,037 shares of the specialty chemicals company’s stock, valued at approximately $3,168,000.

A number of other hedge funds have also made changes to their positions in the business. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares during the period. Beacon Capital Management LLC purchased a new stake in LyondellBasell Industries during the 1st quarter worth $28,000. Matrix Trust Co purchased a new stake in LyondellBasell Industries during the 3rd quarter worth $30,000. Blue Trust Inc. grew its holdings in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Mizuho decreased their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Up 1.1 %

LYB stock opened at $83.04 on Thursday. LyondellBasell Industries has a 52 week low of $81.45 and a 52 week high of $107.02. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 2.35 and a beta of 1.08. The firm’s 50-day moving average is $89.36 and its two-hundred day moving average is $93.92. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.45%. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

LyondellBasell Industries 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.