Vanguard Personalized Indexing Management LLC Increases Holdings in LyondellBasell Industries (NYSE:LYB)

Vanguard Personalized Indexing Management LLC boosted its position in LyondellBasell Industries (NYSE:LYB) by 6.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,479 shares of the specialty chemicals company’s stock after buying an additional 1,695 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in LyondellBasell Industries were worth $2,522,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Gryphon Financial Partners LLC boosted its holdings in LyondellBasell Industries by 11.7% in the fourth quarter. Gryphon Financial Partners LLC now owns 18,606 shares of the specialty chemicals company’s stock valued at $1,767,000 after purchasing an additional 1,956 shares during the last quarter. Norges Bank purchased a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $82,854,000. Corient Private Wealth LLC grew its holdings in LyondellBasell Industries by 373.6% during the fourth quarter. Corient Private Wealth LLC now owns 167,990 shares of the specialty chemicals company’s stock worth $15,973,000 after acquiring an additional 132,522 shares during the period. CreativeOne Wealth LLC raised its position in LyondellBasell Industries by 36.0% during the fourth quarter. CreativeOne Wealth LLC now owns 5,311 shares of the specialty chemicals company’s stock valued at $505,000 after acquiring an additional 1,405 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in LyondellBasell Industries by 12.3% in the fourth quarter. Assetmark Inc. now owns 20,796 shares of the specialty chemicals company’s stock valued at $1,977,000 after acquiring an additional 2,285 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on LYB shares. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. UBS Group cut their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $107.27.

LyondellBasell Industries Trading Down 2.1 %

Shares of LYB stock opened at $94.04 on Friday. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The firm has a market capitalization of $30.62 billion, a P/E ratio of 14.53, a PEG ratio of 1.28 and a beta of 1.07. The stock’s fifty day moving average is $96.23 and its two-hundred day moving average is $98.02. 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 quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the business posted $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts expect that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. 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 dividend payout ratio (DPR) is presently 82.84%.

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.