Intact Investment Management Inc. Acquires 8,650 Shares of LyondellBasell Industries (NYSE:LYB)

Intact Investment Management Inc. raised its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,050 shares of the specialty chemicals company's stock after acquiring an additional 8,650 shares during the period. Intact Investment Management Inc.'s holdings in LyondellBasell Industries were worth $6,142,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Rockland Trust Co. lifted its holdings in shares of LyondellBasell Industries by 0.9% during 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 raised its stake 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 valued at $2,215,000 after purchasing an additional 116 shares during the last quarter. Verdence Capital Advisors LLC boosted its holdings in LyondellBasell Industries by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company's stock valued at $1,330,000 after purchasing an additional 120 shares during the period. RDA Financial Network grew its position in LyondellBasell Industries by 3.9% in the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company's stock worth $313,000 after purchasing an additional 122 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of 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 period. Institutional investors and hedge funds own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LYB shares. Royal Bank of Canada lowered their price target on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research note on Monday. UBS Group lowered their price objective 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. Barclays reduced their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday. Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average rating of "Hold" and an average price target of $101.11.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $2.37 on Monday, reaching $84.19. The stock had a trading volume of 3,500,393 shares, compared to its average volume of 1,843,357. The company has a market capitalization of $27.37 billion, a P/E ratio of 11.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $84.04 and a 1-year high of $107.02. The stock has a fifty day moving average price of $93.56 and a 200-day moving average price of $95.99. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $2.03 by ($0.15). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. Research analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued 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 6.37%. LyondellBasell Industries's dividend payout ratio (DPR) is 75.39%.

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.