Unison Advisors LLC Has $3.77 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Unison Advisors LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,433 shares of the specialty chemicals company’s stock after buying an additional 478 shares during the period. Unison Advisors LLC’s holdings in LyondellBasell Industries were worth $3,772,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC boosted its stake in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 141 shares in the last quarter. Heritage Wealth Advisors acquired a new stake in LyondellBasell Industries during the fourth quarter worth $27,000. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries during the first quarter valued at $27,000. Gold Investment Management Ltd. bought a new position in shares of LyondellBasell Industries during the fourth quarter valued at $28,000. Finally, Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter valued at about $28,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on LYB shares. Royal Bank of Canada lifted their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Barclays lifted their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Mizuho lifted their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Wells Fargo & Company lowered their price objective 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. Finally, BMO Capital Markets lifted their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $107.55.

LyondellBasell Industries Stock Up 0.7 %

Shares of LYB traded up $0.66 on Friday, hitting $96.86. The company’s stock had a trading volume of 1,431,902 shares, compared to its average volume of 1,786,828. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average price is $95.71 and its 200-day moving average price is $98.14. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last released its 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 firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.44 EPS. On average, equities research analysts expect that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a $1.34 dividend. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date was Monday, June 3rd. This represents a $5.36 annualized dividend and a yield of 5.53%. LyondellBasell Industries’s payout ratio is presently 82.84%.

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.