LyondellBasell Industries (NYSE:LYB) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,828,869 shares of the specialty chemicals company’s stock after acquiring an additional 579,300 shares during the quarter. LyondellBasell Industries makes up about 1.0% of Pacer Advisors Inc.’s portfolio, making the stock its 15th biggest holding. Pacer Advisors Inc. owned approximately 1.48% of LyondellBasell Industries worth $461,930,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LYB. Chilton Capital Management LLC purchased a new position in LyondellBasell Industries during the first quarter worth about $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter valued at approximately $28,000. Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at approximately $27,000. Gold Investment Management Ltd. acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $28,000. Finally, Blue Trust Inc. grew its position in 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 acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $94.04 on Friday. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a fifty day simple moving average of $96.23 and a two-hundred day simple moving average of $98.02. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The company has a market cap of $30.62 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07.

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

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.70%. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on LYB shares. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price 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. dropped their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, UBS Group lowered 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 report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.27.

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.