Alpha Paradigm Partners LLC Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Alpha Paradigm Partners LLC purchased a new position in shares of LyondellBasell Industries (NYSE:LYB) during the second quarter, Holdings Channel.com reports. The firm purchased 3,153 shares of the specialty chemicals company’s stock, valued at approximately $324,000.

Several other institutional investors have also bought and sold shares of LYB. Panagora Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries by 17.3% during the 1st quarter. Panagora Asset Management Inc. now owns 10,321 shares of the specialty chemicals company’s stock worth $1,074,000 after buying an additional 1,522 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of LyondellBasell Industries by 11.3% in the 1st quarter. Quadrant Capital Group LLC now owns 1,343 shares of the specialty chemicals company’s stock worth $140,000 after purchasing an additional 136 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of LyondellBasell Industries in the 1st quarter worth $330,000. Pinnacle Associates Ltd. lifted its holdings in shares of LyondellBasell Industries by 56.4% in the 1st quarter. Pinnacle Associates Ltd. now owns 25,912 shares of the specialty chemicals company’s stock worth $2,696,000 after purchasing an additional 9,348 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its holdings in shares of LyondellBasell Industries by 22.5% in the 1st quarter. Cresset Asset Management LLC now owns 3,245 shares of the specialty chemicals company’s stock worth $338,000 after purchasing an additional 595 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Shares of LyondellBasell Industries stock opened at $96.28 on Thursday. The stock has a fifty day moving average price of $97.29 and a 200-day moving average price of $102.80. LyondellBasell Industries has a 1 year low of $66.72 and a 1 year high of $118.01. The firm has a market cap of $32.21 billion, a PE ratio of 7.90, a P/E/G ratio of 0.59 and a beta of 1.54. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.96 and a quick ratio of 1.22.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, July 30th. The specialty chemicals company reported $6.13 earnings per share for the quarter, topping the consensus estimate of $5.67 by $0.46. LyondellBasell Industries had a return on equity of 49.55% and a net margin of 11.59%. The company had revenue of $11.56 billion during the quarter, compared to analyst estimates of $11.09 billion. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 108.5% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 19.79 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 7th. Investors of record on Monday, August 30th were issued a $1.13 dividend. This represents a $4.52 annualized dividend and a yield of 4.69%. The ex-dividend date was Friday, August 27th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 80.57%.

LYB has been the topic of a number of recent research reports. Royal Bank of Canada increased their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 27th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $142.00 to $135.00 and set an “overweight” rating on the stock in a report on Friday, October 8th. Mizuho started coverage on LyondellBasell Industries in a report on Tuesday. They issued a “buy” rating and a $125.00 target price on the stock. Zacks Investment Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating and set a $109.00 price target for the company. in a research report on Tuesday, August 17th. Finally, Bank of America lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $117.00 to $114.00 in a research report on Friday, July 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.60.

LyondellBasell Industries Company Profile

LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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