Centiva Capital LP Purchases 17,458 Shares of LyondellBasell Industries (NYSE:LYB)

Centiva Capital LP lifted its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 741.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,812 shares of the specialty chemicals company's stock after buying an additional 17,458 shares during the quarter. Centiva Capital LP's holdings in LyondellBasell Industries were worth $1,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of LYB. CVA Family Office LLC lifted its position in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the third quarter worth about $30,000. Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 227 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries in the third quarter worth about $31,000. Finally, Independence Bank of Kentucky boosted its position in shares of LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock worth $37,000 after buying an additional 216 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded down $2.82 during trading hours on Wednesday, hitting $77.96. The stock had a trading volume of 5,920,098 shares, compared to its average volume of 1,929,300. The stock's fifty day simple moving average is $88.00 and its 200 day simple moving average is $93.24. LyondellBasell Industries has a 1-year low of $77.38 and a 1-year high of $107.02. The firm has a market capitalization of $25.32 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

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

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 81.58%.

Wall Street Analyst Weigh In

LYB has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price 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. Piper Sandler reduced their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently 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.