LyondellBasell Industries (NYSE:LYB) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 4.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,833 shares of the specialty chemicals company's stock after acquiring an additional 9,662 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.06% of LyondellBasell Industries worth $19,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co acquired a new position in LyondellBasell Industries in the 3rd quarter valued at about $30,000. Blue Trust Inc. raised its stake in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 227 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Independence Bank of Kentucky grew its stake in shares of LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock valued at $37,000 after purchasing an additional 216 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

LYB traded down $1.21 during trading on Wednesday, reaching $76.43. 2,763,346 shares of the stock were exchanged, compared to its average volume of 1,968,280. 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 company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 1 year low of $75.98 and a 1 year high of $107.02. The business's 50 day moving average price is $86.50 and its two-hundred day moving average price is $92.59.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The business 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 was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.01%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LYB shares. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday, December 6th. Mizuho cut their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research report on Monday. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Barclays cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $98.50.

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.