Moneta Group Investment Advisors LLC purchased a new stake in LyondellBasell Industries NV (NYSE:LYB) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 198 shares of the specialty chemicals company’s stock, valued at approximately $1,396,000.
Several other large investors also recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $25,000. MUFG Americas Holdings Corp raised its stake in shares of LyondellBasell Industries by 80.8% in the 2nd quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 147 shares during the period. Icon Wealth Partners LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $35,000. Reilly Financial Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 89.4% in the 2nd quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 195 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in shares of LyondellBasell Industries by 47.1% during the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 137 shares in the last quarter. 76.23% of the stock is owned by hedge funds and other institutional investors.
Several analysts have recently issued reports on the company. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research note on Tuesday, August 13th. Cowen decreased their price objective on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Monday, August 12th. Nomura lowered their price objective on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Bank of America cut their target price on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Barclays decreased their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $102.18.
LyondellBasell Industries stock traded up $0.80 during mid-day trading on Wednesday, hitting $85.88. The company had a trading volume of 176,541 shares, compared to its average volume of 2,638,607. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. LyondellBasell Industries NV has a 1 year low of $68.61 and a 1 year high of $107.49. The business has a fifty day moving average of $76.96 and a 200 day moving average of $83.48. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.88 and a beta of 1.31.
LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.09). LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Equities analysts anticipate that LyondellBasell Industries NV will post 10.27 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Tuesday, September 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 37.27%.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
Read More: Cost of Goods Sold (COGS)
Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries NV (NYSE:LYB).
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.