Unison Advisors LLC Acquires 559 Shares of LyondellBasell Industries (NYSE:LYB)

Unison Advisors LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,992 shares of the specialty chemicals company’s stock after purchasing an additional 559 shares during the period. Unison Advisors LLC’s holdings in LyondellBasell Industries were worth $3,835,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LYB. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $28,000. Blue Trust Inc. increased its stake in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the period. Independence Bank of Kentucky raised its holdings in LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 216 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in LyondellBasell Industries during the 4th quarter valued at $37,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Up 0.6 %

Shares of LYB traded up $0.61 on Thursday, hitting $94.88. 111,733 shares of the stock traded hands, compared to its average volume of 1,818,999. The company has a market capitalization of $30.90 billion, a PE ratio of 14.57, a P/E/G ratio of 1.29 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 has a 50 day simple moving average of $95.72 and a 200 day simple moving average of $97.54.

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. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal 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 issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.65%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s payout ratio is presently 82.84%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group reduced 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. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note 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 report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $106.82.

About LyondellBasell Industries

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.