Hourglass Capital LLC Has $8.04 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Hourglass Capital LLC raised its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 83,882 shares of the specialty chemicals company's stock after purchasing an additional 14,645 shares during the quarter. LyondellBasell Industries accounts for 2.2% of Hourglass Capital LLC's portfolio, making the stock its 10th largest position. Hourglass Capital LLC's holdings in LyondellBasell Industries were worth $8,044,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System lifted its holdings in LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company's stock worth $26,512,000 after acquiring an additional 21,809 shares during the last quarter. Banco Santander S.A. bought a new position in shares of LyondellBasell Industries during the first quarter worth about $3,607,000. Foresight Capital Management Advisors Inc. acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $1,416,000. PGGM Investments boosted its stake in LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company's stock valued at $2,119,000 after purchasing an additional 7,168 shares during the period. Finally, Capital World Investors increased its stake in shares of LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock valued at $273,671,000 after purchasing an additional 600,554 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on LYB shares. Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research report on Monday, November 4th. Barclays reduced their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. One 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $101.70.

LyondellBasell Industries Trading Down 1.2 %

NYSE LYB traded down $0.98 on Thursday, hitting $82.46. 754,313 shares of the company were exchanged, compared to its average volume of 1,863,516. The company's 50 day moving average price is $91.58 and its 200-day moving average price is $95.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm has a market capitalization of $26.78 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a twelve month low of $82.20 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries's quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 EPS. Analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.50%. LyondellBasell Industries's dividend payout ratio is 81.58%.

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.