Sienna Gestion Purchases 478 Shares of LyondellBasell Industries (NYSE:LYB)

Sienna Gestion increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 12.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,287 shares of the specialty chemicals company’s stock after purchasing an additional 478 shares during the quarter. Sienna Gestion’s holdings in LyondellBasell Industries were worth $410,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $27,000. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $27,000. Gold Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $28,000. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Finally, Blue Trust Inc. boosted its holdings in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on LYB shares. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. UBS Group reduced their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $93.94 on Thursday. The firm’s fifty day moving average is $96.22 and its two-hundred day moving average is $98.09. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a market cap of $30.59 billion, a P/E ratio of 14.52, a P/E/G ratio of 1.28 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.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.44 earnings per share. As a group, analysts anticipate that LyondellBasell Industries will post 8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

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.