LyondellBasell Industries (NYSE:LYB) Shares Purchased by Marco Investment Management LLC

Marco Investment Management LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 0.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 209,570 shares of the specialty chemicals company’s stock after acquiring an additional 1,885 shares during the period. LyondellBasell Industries accounts for about 1.7% of Marco Investment Management LLC’s investment portfolio, making the stock its 17th largest position. Marco Investment Management LLC’s holdings in LyondellBasell Industries were worth $20,098,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LYB. Ilex Capital Partners UK LLP acquired a new stake in LyondellBasell Industries in the 1st quarter valued at about $61,327,000. Pacer Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $17,683,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 1.3 %

NYSE LYB opened at $83.87 on Friday. LyondellBasell Industries has a one year low of $81.45 and a one year high of $107.02. The company’s 50 day moving average price is $90.03 and its 200 day moving average price is $94.31. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 2.31 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $2.46 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. On average, sell-side analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.39%. LyondellBasell Industries’s payout ratio is 81.58%.

Analyst Upgrades and Downgrades

LYB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Mizuho decreased their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.70.

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.