V Square Quantitative Management LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

V Square Quantitative Management LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 11.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,248 shares of the specialty chemicals company’s stock after acquiring an additional 738 shares during the quarter. V Square Quantitative Management LLC’s holdings in LyondellBasell Industries were worth $695,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Fisher Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at approximately $214,000. Quadrature Capital Ltd acquired a new position in LyondellBasell Industries during the 4th quarter valued at approximately $691,000. Nomura Holdings Inc. purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth $491,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of LyondellBasell Industries by 32.0% during the first quarter. Massmutual Trust Co. FSB ADV now owns 553 shares of the specialty chemicals company’s stock worth $57,000 after buying an additional 134 shares during the period. Finally, Czech National Bank grew its holdings in shares of LyondellBasell Industries by 0.3% during the first quarter. Czech National Bank now owns 45,036 shares of the specialty chemicals company’s stock valued at $4,606,000 after buying an additional 157 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Finally, Barclays dropped their price objective 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $106.33.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $91.49 on Friday. 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 stock has a market capitalization of $29.79 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 1.32 and a beta of 1.07. The firm’s 50 day simple moving average is $95.33 and its 200-day simple moving average is $97.12. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month 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, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.44 earnings per share. Analysts expect that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

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.