2,476 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Seven Eight Capital LP

Seven Eight Capital LP bought a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,476 shares of the specialty chemicals company’s stock, valued at approximately $237,000.

A number of other hedge funds also recently modified their holdings of LYB. Capital World Investors acquired a new stake in LyondellBasell Industries during the 4th quarter worth about $197,305,000. Ilex Capital Partners UK LLP acquired a new stake in shares of LyondellBasell Industries during the first quarter worth approximately $61,327,000. Allianz Asset Management GmbH grew its position in LyondellBasell Industries by 826.1% during the fourth quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock valued at $38,911,000 after purchasing an additional 365,050 shares in the last quarter. Vanguard Group Inc. increased its stake in LyondellBasell Industries by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after buying an additional 290,401 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $17,683,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wells Fargo & Company dropped 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 note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note 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 on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. decreased 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $107.27.

LyondellBasell Industries Trading Down 0.5 %

Shares of NYSE:LYB opened at $93.60 on Tuesday. 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 stock’s 50-day moving average is $96.19 and its 200-day moving average is $97.94. The company has a market cap of $30.48 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping 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 business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the company posted $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries will post 8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared 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 was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.73%. LyondellBasell Industries’s dividend payout ratio is 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.