Geode Capital Management LLC Has $638.96 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Geode Capital Management LLC grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,605,151 shares of the specialty chemicals company's stock after acquiring an additional 277,108 shares during the quarter. Geode Capital Management LLC owned 2.03% of LyondellBasell Industries worth $638,964,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LYB. Rockland Trust Co. raised its stake in shares of LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company's stock valued at $1,253,000 after purchasing an additional 112 shares during the period. Petredis Investment Advisors LLC raised its position in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock valued at $2,215,000 after buying an additional 116 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in LyondellBasell Industries by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company's stock valued at $1,330,000 after acquiring an additional 120 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock worth $58,000 after acquiring an additional 122 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of LyondellBasell Industries by 3.4% in the second quarter. Deseret Mutual Benefit Administrators now owns 4,055 shares of the specialty chemicals company's stock valued at $388,000 after purchasing an additional 132 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on LYB. The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday. Piper Sandler lowered their target price on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a research report on Friday, November 8th. Royal Bank of Canada reduced their price target on 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 raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Mizuho dropped their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday. Two equities research analysts have 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 data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and an average target price of $97.36.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.52 during midday trading on Friday, hitting $75.66. 2,606,148 shares of the company were exchanged, compared to its average volume of 1,973,183. The firm has a market capitalization of $24.57 billion, a P/E ratio of 11.52, a PEG ratio of 2.16 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 has a 52 week low of $74.92 and a 52 week high of $107.02. The firm's 50 day moving average price is $85.74 and its two-hundred day moving average price is $92.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results 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 firm 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%. LyondellBasell Industries's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.46 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.08%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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.