LyondellBasell Industries (NYSE:LYB) Shares Bought by Stablepoint Partners LLC

Stablepoint Partners LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 51,642 shares of the specialty chemicals company’s stock after acquiring an additional 909 shares during the period. Stablepoint Partners LLC’s holdings in LyondellBasell Industries were worth $4,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Oliver Luxxe Assets LLC grew its stake in shares of LyondellBasell Industries by 0.7% in the third quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after purchasing an additional 146 shares in the last quarter. Viking Fund Management LLC raised its holdings in LyondellBasell Industries by 400.0% during the third quarter. Viking Fund Management LLC now owns 1,500 shares of the specialty chemicals company’s stock worth $144,000 after purchasing an additional 1,200 shares in the last quarter. Sound Income Strategies LLC lifted its position in LyondellBasell Industries by 5.3% in the third quarter. Sound Income Strategies LLC now owns 251,316 shares of the specialty chemicals company’s stock worth $24,101,000 after purchasing an additional 12,568 shares during the period. CVA Family Office LLC boosted its stake 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 valued at $25,000 after purchasing an additional 159 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its stake in LyondellBasell Industries by 1,171.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company’s stock valued at $109,000 after purchasing an additional 1,043 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock remained flat at $93.79 during midday trading on Monday. 99,873 shares of the stock were exchanged, compared to its average volume of 1,817,753. The stock has a market capitalization of $30.54 billion, a P/E ratio of 14.53, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The firm has a 50 day moving average of $95.64 and a 200 day moving average of $97.41. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

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

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.71%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays reduced their price target on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. UBS Group lowered their price objective on shares of 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 reduced 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $106.40.

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.