Verity & Verity LLC Has $10.28 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Verity & Verity LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,444 shares of the specialty chemicals company’s stock after acquiring an additional 915 shares during the period. Verity & Verity LLC’s holdings in LyondellBasell Industries were worth $10,278,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries during the first quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the first quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of LyondellBasell Industries by 311.0% during the second 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. Scarborough Advisors LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at about $37,000. Finally, Independence Bank of Kentucky increased its position in LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 216 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.1 %

NYSE LYB opened at $95.82 on Wednesday. The stock has a market capitalization of $31.20 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 1.29 and a beta of 1.07. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The stock’s 50 day moving average price is $95.99 and its two-hundred day moving average price is $97.76. 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 the consensus estimate of $2.23 by $0.01. The firm 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 business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 EPS. As a group, analysts anticipate that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. reduced 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. UBS Group lowered 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. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.