LyondellBasell Industries (NYSE:LYB) Shares Purchased by Cwm LLC

Cwm LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 14.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,360 shares of the specialty chemicals company’s stock after acquiring an additional 1,025 shares during the period. Cwm LLC’s holdings in LyondellBasell Industries were worth $802,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LYB. Capital World Investors grew its holdings in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares during the period. Ilex Capital Partners UK LLP acquired a new position in LyondellBasell Industries during the first quarter worth about $61,327,000. Pacer Advisors Inc. grew its holdings in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares during the period. Ensign Peak Advisors Inc grew its holdings in LyondellBasell Industries by 80.7% during the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after acquiring an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in LyondellBasell Industries during the second quarter worth about $17,683,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Down 0.1 %

Shares of LyondellBasell Industries stock opened at $91.49 on Friday. The firm has a market cap of $29.79 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 1.32 and a beta of 1.07. 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 has a 52-week low of $88.46 and a 52-week high of $107.02. The stock has a 50-day simple moving average of $95.33 and a 200-day simple moving average of $97.12.

LyondellBasell Industries (NYSE:LYB) last announced 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. The business had revenue of $10.56 billion during 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 firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $2.44 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on LYB shares. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Royal Bank of Canada dropped their price target on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price target on 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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.33.

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.