Ellsworth Advisors LLC Acquires 2,127 Shares of LyondellBasell Industries (NYSE:LYB)

Ellsworth Advisors LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 51,784 shares of the specialty chemicals company’s stock after purchasing an additional 2,127 shares during the period. LyondellBasell Industries accounts for approximately 1.4% of Ellsworth Advisors LLC’s portfolio, making the stock its 21st biggest position. Ellsworth Advisors LLC’s holdings in LyondellBasell Industries were worth $4,954,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its stake in shares of LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Heritage Wealth Advisors acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $27,000. Chilton Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $27,000. Gold Investment Management Ltd. acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at about $28,000. Finally, Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on LYB shares. JPMorgan Chase & Co. lifted their price target on LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada lifted their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. UBS Group lowered their target price 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, BMO Capital Markets lifted their target price on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $107.55.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.37 during midday trading on Friday, reaching $97.07. 3,472,077 shares of the company’s stock were exchanged, compared to its average volume of 1,776,973. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The firm has a market cap of $31.61 billion, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.21 and a beta of 1.09. The stock’s 50-day simple moving average is $95.84 and its 200 day simple moving average is $98.18.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter last year, the company posted $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts expect that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.52%. LyondellBasell Industries’s dividend payout ratio is presently 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.