LyondellBasell Industries (NYSE:LYB) Shares Sold by CX Institutional

CX Institutional reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 92.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,890 shares of the specialty chemicals company's stock after selling 33,031 shares during the period. CX Institutional's holdings in LyondellBasell Industries were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock valued at $461,930,000 after buying an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company's stock valued at $449,175,000 after acquiring an additional 170,464 shares during the period. Capital World Investors increased its stake in shares of LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock worth $273,671,000 after purchasing an additional 600,554 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of LyondellBasell Industries by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company's stock valued at $101,886,000 after acquiring an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates raised its stake in LyondellBasell Industries by 5.7% in the 2nd quarter. Raymond James & Associates now owns 909,144 shares of the specialty chemicals company's stock valued at $86,969,000 after purchasing an additional 49,190 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.1 %

LYB traded down $0.10 on Friday, hitting $91.49. The company had a trading volume of 1,638,843 shares, compared to its average volume of 1,826,556. The company's fifty day moving average price is $95.33 and its 200 day moving average price is $97.12. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $29.79 billion, a P/E ratio of 14.14, a PEG ratio of 1.32 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business's revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.44 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 7.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid 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 5.86%. LyondellBasell Industries's payout ratio is presently 82.84%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Barclays dropped their price target on LyondellBasell Industries from $101.00 to $99.00 and set an "equal weight" rating for the company in a research report on Monday, October 7th. Evercore ISI upgraded LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Company cut their target price on LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $106.40.

LyondellBasell Industries 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.