V Square Quantitative Management LLC Buys 738 Shares of LyondellBasell Industries (NYSE:LYB)

V Square Quantitative Management LLC lifted its stake in LyondellBasell Industries (NYSE:LYB) by 11.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,248 shares of the specialty chemicals company’s stock after buying an additional 738 shares during the quarter. V Square Quantitative Management LLC’s holdings in LyondellBasell Industries were worth $695,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of LyondellBasell Industries by 2.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 47,142 shares of the specialty chemicals company’s stock valued at $4,521,000 after purchasing an additional 1,296 shares during the last quarter. Ellsworth Advisors LLC lifted its position in shares of LyondellBasell Industries by 4.7% in the third quarter. Ellsworth Advisors LLC now owns 54,210 shares of the specialty chemicals company’s stock worth $5,199,000 after buying an additional 2,426 shares in the last quarter. Marshall Financial Group LLC bought a new position in LyondellBasell Industries during the third quarter valued at approximately $390,000. Bleakley Financial Group LLC grew its holdings in LyondellBasell Industries by 10.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 14,544 shares of the specialty chemicals company’s stock valued at $1,395,000 after buying an additional 1,321 shares in the last quarter. Finally, Cumberland Advisors Inc. increased its stake in LyondellBasell Industries by 28.6% in the 3rd quarter. Cumberland Advisors Inc. now owns 3,600 shares of the specialty chemicals company’s stock worth $345,000 after acquiring an additional 800 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $91.49 on Friday. The business has a 50-day moving average price of $95.33 and a 200 day moving average price of $97.12. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market capitalization of $29.79 billion, a P/E ratio of 14.14, a PEG ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period in the previous year, the company posted $2.44 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 82.84%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent research reports. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays reduced their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. UBS Group decreased their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Royal Bank of Canada dropped their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries 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.