Susquehanna Portfolio Strategies LLC Sells 46,118 Shares of LyondellBasell Industries (NYSE:LYB)

Susquehanna Portfolio Strategies LLC lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 47.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,319 shares of the specialty chemicals company's stock after selling 46,118 shares during the quarter. Susquehanna Portfolio Strategies LLC's holdings in LyondellBasell Industries were worth $4,814,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Capital World Investors bought a new position in shares of LyondellBasell Industries during the 4th quarter valued at $197,305,000. Ilex Capital Partners UK LLP acquired a new stake in shares of LyondellBasell Industries in the first quarter worth about $61,327,000. Pacer Advisors Inc. lifted its position in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock worth $461,930,000 after buying an additional 579,300 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of LyondellBasell Industries by 826.1% during the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company's stock valued at $38,911,000 after acquiring an additional 365,050 shares during the last quarter. Finally, Ensign Peak Advisors Inc increased its holdings in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company's stock valued at $74,523,000 after acquiring an additional 347,877 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 0.3 %

Shares of NYSE LYB traded up $0.32 during mid-day trading on Friday, hitting $96.43. The company's stock had a trading volume of 2,075,045 shares, compared to its average volume of 1,830,166. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company's fifty day simple moving average is $96.03 and its 200-day simple moving average is $97.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock has a market cap of $31.40 billion, a price-to-earnings ratio of 14.90, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm's quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.44 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.56%. LyondellBasell Industries's payout ratio is currently 82.84%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating for the company in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a "hold" rating in a research note on Tuesday, August 6th. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Evercore ISI upgraded shares of LyondellBasell Industries to a "hold" rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $113.00 to $110.00 and set an "overweight" rating for the company in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $107.27.

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.