LyondellBasell Industries (NYSE:LYB) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 8.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 448,726 shares of the specialty chemicals company's stock after purchasing an additional 36,509 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.14% of LyondellBasell Industries worth $43,033,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada dropped 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. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Monday. Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus price target of $100.56.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded up $1.07 during trading on Wednesday, reaching $86.44. The company had a trading volume of 3,842,551 shares, compared to its average volume of 1,980,057. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm's 50-day simple moving average is $92.81 and its 200 day simple moving average is $95.71. The firm has a market capitalization of $28.07 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $83.36 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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 company 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%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. As a group, equities research analysts anticipate 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. Stockholders 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 annualized dividend and a dividend yield of 6.20%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

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.