LyondellBasell Industries (NYSE:LYB) Shares Bought by &Partners

&Partners raised its holdings in LyondellBasell Industries (NYSE:LYB) by 123.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,372 shares of the specialty chemicals company’s stock after buying an additional 4,622 shares during the period. &Partners’ holdings in LyondellBasell Industries were worth $801,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. McIlrath & Eck LLC grew its stake in LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $27,000. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries in the first quarter valued at approximately $27,000. Gold Investment Management Ltd. purchased a new position in LyondellBasell Industries in the fourth quarter worth approximately $28,000. Finally, Beacon Capital Management LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. 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. Mizuho raised their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. boosted their target price on LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, UBS Group dropped their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. One equities research 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’s stock. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $107.55.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded up $2.08 during midday trading on Friday, hitting $98.42. 445,759 shares of the company’s stock were exchanged, compared to its average volume of 1,764,484. The firm’s 50 day simple moving average is $95.91 and its 200 day simple moving average is $98.25. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a market cap of $32.05 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the firm posted $2.44 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 26th will be given a $1.34 dividend. The ex-dividend date is Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.45%. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

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.