Hsbc Holdings PLC Increases Position in LyondellBasell Industries (NYSE:LYB)

Hsbc Holdings PLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 10.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 131,089 shares of the specialty chemicals company’s stock after purchasing an additional 12,301 shares during the quarter. Hsbc Holdings PLC’s holdings in LyondellBasell Industries were worth $12,603,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lantz Financial LLC lifted its holdings in LyondellBasell Industries by 3.6% during the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 109 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock worth $1,330,000 after purchasing an additional 120 shares during the last quarter. RDA Financial Network lifted its stake in LyondellBasell Industries by 3.9% in the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 122 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 11.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock worth $117,000 after buying an additional 125 shares during the last quarter. Finally, Latitude Advisors LLC increased its stake in LyondellBasell Industries by 5.3% during the 1st quarter. Latitude Advisors LLC now owns 2,606 shares of the specialty chemicals company’s stock worth $267,000 after buying an additional 132 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 2.1 %

LYB opened at $94.04 on Monday. The stock has a market capitalization of $30.62 billion, a PE ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The business’s 50 day moving average price is $96.23 and its 200 day moving average price is $97.98.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS 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 analyst estimates of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.44 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 8 EPS for the current 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 paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LYB. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. UBS Group dropped their target price 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. reduced their target price 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. Wells Fargo & Company lowered 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 report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective 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. One research 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.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $107.27.

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.