Fluent Financial LLC Trims Stock Position in LyondellBasell Industries (NYSE:LYB)

Fluent Financial LLC decreased its position in LyondellBasell Industries (NYSE:LYB) by 1.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,490 shares of the specialty chemicals company’s stock after selling 457 shares during the period. LyondellBasell Industries accounts for approximately 1.5% of Fluent Financial LLC’s investment portfolio, making the stock its 25th largest position. Fluent Financial LLC’s holdings in LyondellBasell Industries were worth $3,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in LYB. Capital World Investors acquired a new stake in LyondellBasell Industries during the fourth quarter worth $197,305,000. Ilex Capital Partners UK LLP acquired a new stake in shares of LyondellBasell Industries during the 1st quarter worth about $61,327,000. Pacer Advisors Inc. raised its holdings in LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares during the period. Ensign Peak Advisors Inc lifted its position in LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after buying an additional 347,877 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in LyondellBasell Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.0 %

Shares of LYB traded up $1.88 during midday trading on Friday, reaching $96.75. The stock had a trading volume of 1,729,021 shares, compared to its average volume of 1,830,767. The company has a market cap of $31.50 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 1.29 and a beta of 1.07. The company’s fifty day simple moving average is $95.95 and its two-hundred day simple moving average is $97.70. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28.

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, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the firm earned $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries will post 7.94 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.54%. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analyst Ratings Changes

LYB has been the topic of several recent analyst reports. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. UBS Group lowered their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted 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. Wells Fargo & Company lowered their target price 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, JPMorgan Chase & Co. cut their price target 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.