Bridgewater Associates LP Invests $2.49 Million in LyondellBasell Industries (NYSE:LYB)

Bridgewater Associates LP purchased a new position in LyondellBasell Industries (NYSE:LYB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,980 shares of the specialty chemicals company's stock, valued at approximately $2,491,000.

Other large investors also recently added to or reduced their stakes in the company. Townsquare Capital LLC increased its stake in shares of LyondellBasell Industries by 37.8% in the 3rd quarter. Townsquare Capital LLC now owns 45,193 shares of the specialty chemicals company's stock worth $4,334,000 after acquiring an additional 12,408 shares during the last quarter. Cadence Bank grew its holdings in shares of LyondellBasell Industries by 2.7% in the third quarter. Cadence Bank now owns 82,929 shares of the specialty chemicals company's stock valued at $7,953,000 after purchasing an additional 2,174 shares during the period. Brooklyn Investment Group purchased a new position in LyondellBasell Industries during the third quarter worth about $60,000. Quantbot Technologies LP acquired a new position in LyondellBasell Industries in the 3rd quarter valued at about $3,168,000. Finally, Qsemble Capital Management LP purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $4,792,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $0.30 during mid-day trading on Friday, hitting $83.34. The company's stock had a trading volume of 1,683,321 shares, compared to its average volume of 2,649,941. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.33 and a beta of 1.08. 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 has a fifty-two week low of $81.45 and a fifty-two week high of $107.02. The stock has a fifty day moving average of $88.88 and a 200-day moving average of $93.67.

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

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.43%. LyondellBasell Industries's dividend payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Mizuho decreased their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a research report on Monday, November 4th. StockNews.com upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Saturday. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Finally, Evercore ISI raised LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus price target of $101.70.

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.