LyondellBasell Industries (NYSE:LYB) Shares Sold by Forsta AP Fonden

Forsta AP Fonden reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 124,700 shares of the specialty chemicals company’s stock after selling 800 shares during the period. Forsta AP Fonden’s holdings in LyondellBasell Industries were worth $11,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd acquired a new stake in LyondellBasell Industries during the 2nd quarter worth about $121,000. LPL Financial LLC boosted its stake in shares of LyondellBasell Industries by 3.1% during the 2nd quarter. LPL Financial LLC now owns 535,305 shares of the specialty chemicals company’s stock worth $51,207,000 after acquiring an additional 16,264 shares in the last quarter. Marco Investment Management LLC boosted its stake in shares of LyondellBasell Industries by 2.3% during the 2nd quarter. Marco Investment Management LLC now owns 207,685 shares of the specialty chemicals company’s stock worth $19,867,000 after acquiring an additional 4,605 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of LyondellBasell Industries by 11.0% during the 2nd quarter. Daiwa Securities Group Inc. now owns 28,349 shares of the specialty chemicals company’s stock worth $2,712,000 after acquiring an additional 2,818 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its stake in shares of LyondellBasell Industries by 1.0% during the 2nd quarter. Royal London Asset Management Ltd. now owns 102,822 shares of the specialty chemicals company’s stock worth $9,836,000 after acquiring an additional 981 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LYB shares. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. UBS Group lowered their target price 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. JPMorgan Chase & Co. increased their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $107.55.

LyondellBasell Industries Stock Down 0.1 %

LYB stock opened at $93.86 on Friday. The company has a market cap of $30.56 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.28 and a beta of 1.07. 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 has a 12 month low of $88.46 and a 12 month high of $107.02. The firm has a 50-day moving average of $96.17 and a two-hundred day moving average of $98.24.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.44 EPS. As a group, analysts forecast that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.71%. LyondellBasell Industries’s dividend payout ratio is currently 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.