Summit Trail Advisors LLC Acquires 308 Shares of LyondellBasell Industries (NYSE:LYB)

Summit Trail Advisors LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 5.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,751 shares of the specialty chemicals company’s stock after acquiring an additional 308 shares during the quarter. Summit Trail Advisors LLC’s holdings in LyondellBasell Industries were worth $550,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $27,000. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth about $27,000. Gold Investment Management Ltd. acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $28,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Finally, Blue Trust Inc. raised its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 227 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on LYB. 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 report on Tuesday, July 9th. JPMorgan Chase & Co. lowered their price objective 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. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $107.27.

LyondellBasell Industries Price Performance

NYSE LYB opened at $94.04 on Monday. The firm’s 50 day moving average is $96.23 and its 200-day moving average is $97.98. 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 capitalization of $30.62 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate 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 earned $2.44 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

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.