LyondellBasell Industries (NYSE:LYB) Shares Bought by Stablepoint Partners LLC

Stablepoint Partners LLC raised its position in LyondellBasell Industries (NYSE:LYB) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,733 shares of the specialty chemicals company’s stock after acquiring an additional 810 shares during the quarter. Stablepoint Partners LLC’s holdings in LyondellBasell Industries were worth $4,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Heritage Wealth Advisors purchased a new position in shares of LyondellBasell Industries during the 4th quarter valued at approximately $27,000. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth $27,000. Gold Investment Management Ltd. bought a new position in LyondellBasell Industries during the fourth quarter worth $28,000. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries in the first quarter worth $28,000. Finally, Blue Trust Inc. increased its position in 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. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $94.87 on Thursday. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The firm has a market capitalization of $30.84 billion, a PE ratio of 14.66, a PEG ratio of 1.33 and a beta of 1.09. The business’s 50 day moving average is $96.32 and its 200-day moving average is $98.40. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for 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%. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 EPS. Sell-side analysts predict that LyondellBasell Industries will post 8.11 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analysts Set New Price Targets

LYB has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft lifted 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. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. UBS Group decreased their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $107.55.

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.