Holocene Advisors LP Sells 112,172 Shares of LyondellBasell Industries (NYSE:LYB)

Holocene Advisors LP reduced its stake in LyondellBasell Industries (NYSE:LYB - Free Report) by 18.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,400 shares of the specialty chemicals company's stock after selling 112,172 shares during the quarter. Holocene Advisors LP owned about 0.15% of LyondellBasell Industries worth $47,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. increased its stake in shares of LyondellBasell Industries by 13.6% in 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Ensign Peak Advisors Inc raised its position in LyondellBasell Industries by 80.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company's stock worth $74,523,000 after purchasing an additional 347,877 shares during the period. WINTON GROUP Ltd purchased a new stake in LyondellBasell Industries in the 2nd quarter worth about $17,683,000. Finally, Dimensional Fund Advisors LP raised its position in LyondellBasell Industries by 3.8% in 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 period. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 1.6 %

LyondellBasell Industries stock traded down $1.31 during trading on Tuesday, reaching $80.74. The company had a trading volume of 1,584,349 shares, compared to its average volume of 1,908,158. 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 has a 12-month low of $80.62 and a 12-month high of $107.02. The stock's 50 day moving average price is $88.88 and its two-hundred day moving average price is $93.62. The firm has a market capitalization of $26.22 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.33 and a beta of 1.05.

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). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 earnings per share. As a group, equities analysts expect 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. 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 yield of 6.64%. LyondellBasell Industries's dividend payout ratio is presently 81.58%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Barclays cut their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Piper Sandler reduced their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Friday, November 8th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Mizuho cut their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company 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.