Barclays PLC Purchases 64,359 Shares of LyondellBasell Industries (NYSE:LYB)

Barclays PLC raised its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 7.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 948,211 shares of the specialty chemicals company's stock after buying an additional 64,359 shares during the quarter. Barclays PLC owned about 0.29% of LyondellBasell Industries worth $90,933,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC increased 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 valued at $25,000 after purchasing an additional 159 shares during the period. Blue Trust Inc. raised its stake in 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 buying an additional 227 shares in the last quarter. Matrix Trust Co purchased a new stake in LyondellBasell Industries in the third quarter worth about $30,000. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky grew its holdings in shares of LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock worth $37,000 after acquiring an additional 216 shares during the period. Institutional investors own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LYB shares. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday. Mizuho reduced their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday. Barclays decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $97.36.

LyondellBasell Industries Stock Down 0.4 %

LYB traded down $0.28 during trading on Thursday, hitting $76.17. 2,418,672 shares of the company's stock traded hands, compared to its average volume of 1,970,570. The stock has a market capitalization of $24.74 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.13 and a beta of 1.05. The company's 50 day simple moving average is $86.12 and its two-hundred day simple moving average is $92.48. LyondellBasell Industries has a 12-month low of $75.98 and a 12-month high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the business earned $2.46 earnings per share. Analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.04%. LyondellBasell Industries's payout ratio is 81.58%.

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.