VAUGHAN & Co SECURITIES INC. Grows Holdings in LyondellBasell Industries (NYSE:LYB)

VAUGHAN & Co SECURITIES INC. increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 8.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,690 shares of the specialty chemicals company’s stock after buying an additional 543 shares during the period. VAUGHAN & Co SECURITIES INC.’s holdings in LyondellBasell Industries were worth $640,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Norden Group LLC purchased a new stake in LyondellBasell Industries during the 1st quarter worth approximately $3,686,000. Russell Investments Group Ltd. increased its position in shares of LyondellBasell Industries by 25.1% in the 4th quarter. Russell Investments Group Ltd. now owns 233,350 shares of the specialty chemicals company’s stock valued at $22,198,000 after purchasing an additional 46,871 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of LyondellBasell Industries by 9.3% in the 1st quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock valued at $22,679,000 after purchasing an additional 18,901 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of LyondellBasell Industries by 8.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock valued at $26,512,000 after purchasing an additional 21,809 shares during the last quarter. Finally, Brevan Howard Capital Management LP increased its position in shares of LyondellBasell Industries by 772.9% in the 4th quarter. Brevan Howard Capital Management LP now owns 20,914 shares of the specialty chemicals company’s stock valued at $1,989,000 after purchasing an additional 18,518 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $0.53 during trading hours on Friday, reaching $98.70. 3,213,472 shares of the company’s stock were exchanged, compared to its average volume of 1,771,030. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 15.26, a P/E/G ratio of 1.21 and a beta of 1.09. The company has a 50-day moving average of $96.31 and a 200 day moving average of $98.38. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. 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 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 net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter last year, the business earned $2.44 EPS. The business’s revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Analyst Ratings Changes

A number of equities research analysts have commented on LYB shares. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price 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 lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Barclays upped their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $107.55.

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.