Quantinno Capital Management LP Increases Position in LyondellBasell Industries (NYSE:LYB)

Quantinno Capital Management LP lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 23.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,897 shares of the specialty chemicals company's stock after acquiring an additional 11,610 shares during the quarter. Quantinno Capital Management LP's holdings in LyondellBasell Industries were worth $5,936,000 as of its most recent SEC filing.

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

LyondellBasell Industries Trading Down 1.3 %

LYB traded down $1.02 on Friday, hitting $76.39. The company had a trading volume of 4,269,750 shares, compared to its average volume of 2,576,313. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a market cap of $24.81 billion, a PE ratio of 11.63, a PEG ratio of 2.18 and a beta of 1.05. The business's fifty day simple moving average is $87.23 and its 200 day simple moving average is $92.92. LyondellBasell Industries has a 12-month low of $75.98 and a 12-month high of $107.02.

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

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a dividend of $1.34 per share. 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 7.02%. LyondellBasell Industries's payout ratio is currently 81.58%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on LYB. Piper Sandler lowered 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. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Mizuho dropped their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research note on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and a consensus price target of $100.70.

LyondellBasell Industries Company Profile

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.