LyondellBasell Industries (NYSE:LYB) Shares Purchased by National Pension Service

National Pension Service raised its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 9.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,174 shares of the specialty chemicals company's stock after buying an additional 37,611 shares during the quarter. National Pension Service owned about 0.14% of LyondellBasell Industries worth $42,788,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. CVA Family Office LLC grew its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after buying an additional 159 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries during the first quarter worth about $27,000. Beacon Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at about $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $30,000. Finally, Blue Trust Inc. increased its holdings in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 227 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 1.0 %

LyondellBasell Industries stock traded up $0.90 during midday trading on Thursday, reaching $87.33. The company's stock had a trading volume of 2,416,666 shares, compared to its average volume of 1,863,231. The company has a market cap of $28.36 billion, a P/E ratio of 13.27, a P/E/G ratio of 1.63 and a beta of 1.08. 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 business has a 50-day simple moving average of $92.81 and a 200-day simple moving average of $95.71. LyondellBasell Industries has a fifty-two week low of $83.36 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 EPS. On average, research analysts expect that LyondellBasell Industries will post 7.38 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given 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 6.14%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LYB shares. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday. Mizuho cut their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft lowered 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 report on Monday. Finally, Evercore ISI upgraded LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of "Hold" and an average target price of $100.56.

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.