Marathon Asset Management Ltd Has $26.57 Million Position in LyondellBasell Industries (NYSE:LYB)

Marathon Asset Management Ltd decreased its position in LyondellBasell Industries (NYSE:LYB) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 277,106 shares of the specialty chemicals company’s stock after selling 2,026 shares during the quarter. Marathon Asset Management Ltd’s holdings in LyondellBasell Industries were worth $26,574,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries during the 1st quarter worth about $27,000. Beacon Capital Management LLC bought a new stake in LyondellBasell Industries during the 1st quarter worth about $28,000. Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the last quarter. Finally, Matrix Trust Co acquired a new position in LyondellBasell Industries during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LYB. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report 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 for the company in a report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.40.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $91.55 on Friday. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The company has a market cap of $29.81 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. The business’s 50 day moving average price is $95.44 and its two-hundred day moving average price is $97.20. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

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, topping analysts’ consensus estimates of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.44 earnings per share. On average, analysts predict that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 5.85%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

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.