LyondellBasell Industries (NYSE:LYB) Shares Purchased by Optimist Retirement Group LLC

Optimist Retirement Group LLC raised its stake in LyondellBasell Industries (NYSE:LYB) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,111 shares of the specialty chemicals company’s stock after purchasing an additional 477 shares during the period. Optimist Retirement Group LLC’s holdings in LyondellBasell Industries were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. Gryphon Financial Partners LLC grew its holdings in LyondellBasell Industries by 11.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 18,606 shares of the specialty chemicals company’s stock worth $1,767,000 after acquiring an additional 1,956 shares in the last quarter. Financial Advocates Investment Management raised its stake in LyondellBasell Industries by 10.1% in the fourth quarter. Financial Advocates Investment Management now owns 2,742 shares of the specialty chemicals company’s stock valued at $261,000 after buying an additional 251 shares in the last quarter. Norges Bank purchased a new stake in LyondellBasell Industries during the 4th quarter worth about $82,854,000. Wells Fargo & Company MN boosted its position in shares of LyondellBasell Industries by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after acquiring an additional 13,093 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of LyondellBasell Industries by 373.6% in the 4th quarter. Corient Private Wealth LLC now owns 167,990 shares of the specialty chemicals company’s stock valued at $15,973,000 after acquiring an additional 132,522 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $93.94 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market cap of $30.59 billion, a PE ratio of 14.52, a P/E/G ratio of 1.28 and a beta of 1.07. The stock has a fifty day moving average price of $96.22 and a 200 day moving average price of $98.09. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for 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 business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.44 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm 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. This represents a $5.36 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company cut 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 note on Monday, August 5th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $107.27.

About LyondellBasell Industries

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.