LyondellBasell Industries (NYSE:LYB) Shares Bought by Altrius Capital Management Inc

Altrius Capital Management Inc increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 4.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,788 shares of the specialty chemicals company’s stock after acquiring an additional 3,350 shares during the period. LyondellBasell Industries comprises 2.1% of Altrius Capital Management Inc’s holdings, making the stock its 10th largest holding. Altrius Capital Management Inc’s holdings in LyondellBasell Industries were worth $7,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. Sienna Gestion increased its stake in shares of LyondellBasell Industries by 12.5% in the 2nd quarter. Sienna Gestion now owns 4,287 shares of the specialty chemicals company’s stock valued at $410,000 after purchasing an additional 478 shares during the last quarter. Seven Eight Capital LP acquired a new stake in LyondellBasell Industries in the second quarter valued at about $237,000. Hsbc Holdings PLC grew its position in LyondellBasell Industries by 10.4% in the second quarter. Hsbc Holdings PLC now owns 131,089 shares of the specialty chemicals company’s stock valued at $12,603,000 after acquiring an additional 12,301 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in LyondellBasell Industries by 6.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,479 shares of the specialty chemicals company’s stock worth $2,522,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in shares of LyondellBasell Industries by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 76,294 shares of the specialty chemicals company’s stock worth $7,298,000 after acquiring an additional 4,206 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective 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. UBS Group lowered their price target 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. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $107.27.

LyondellBasell Industries Stock Down 1.1 %

Shares of NYSE LYB opened at $93.94 on Thursday. The company’s 50 day moving average price is $96.22 and its 200-day moving average price is $98.09. 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 has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a market capitalization of $30.59 billion, a P/E ratio of 14.52, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $10.44 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts forecast that LyondellBasell Industries will post 8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.71%. LyondellBasell Industries’s payout ratio is currently 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.