Thrivent Financial for Lutherans Has $1.66 Million Stake in LyondellBasell Industries (NYSE:LYB)

Thrivent Financial for Lutherans grew its position in LyondellBasell Industries (NYSE:LYB) by 3.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,297 shares of the specialty chemicals company’s stock after purchasing an additional 559 shares during the quarter. Thrivent Financial for Lutherans’ holdings in LyondellBasell Industries were worth $1,659,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of 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 worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after buying an additional 170,464 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after acquiring an additional 6,760 shares in the last quarter. Raymond James & Associates lifted its position in shares of LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock valued at $87,512,000 after acquiring an additional 3,394 shares during the period. Finally, AQR Capital Management LLC boosted its stake in LyondellBasell Industries by 15.4% during the second quarter. AQR Capital Management LLC now owns 907,512 shares of the specialty chemicals company’s stock worth $86,813,000 after acquiring an additional 120,857 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $83.32 on Friday. The firm has a market capitalization of $27.06 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a fifty day moving average of $88.88 and a 200 day moving average of $93.72. LyondellBasell Industries has a 52-week low of $81.45 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 EPS. On average, research analysts expect that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LYB. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Company 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.