LyondellBasell Industries (NYSE:LYB) Shares Purchased by Signaturefd LLC

Signaturefd LLC increased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 5,231 shares of the specialty chemicals company’s stock after purchasing an additional 297 shares during the quarter. Signaturefd LLC’s holdings in LyondellBasell Industries were worth $502,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LYB. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP grew its position in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. grew its position in LyondellBasell Industries by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates grew its position in LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research reports. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. UBS Group lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Barclays lowered their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $106.33.

LyondellBasell Industries Price Performance

LYB opened at $87.50 on Friday. The company has a fifty day simple moving average of $94.74 and a 200 day simple moving average of $96.69. The firm has a market cap of $28.49 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 1.69 and a beta of 1.07. LyondellBasell Industries has a twelve month low of $87.41 and a twelve month high of $107.02. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The business had revenue of $10.56 billion during 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 business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $2.44 EPS. Equities research analysts expect that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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. This represents a $5.36 annualized dividend and a yield of 6.13%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

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.