Tidal Investments LLC Purchases 10,359 Shares of LyondellBasell Industries (NYSE:LYB)

Tidal Investments LLC increased its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 45.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,308 shares of the specialty chemicals company's stock after acquiring an additional 10,359 shares during the period. Tidal Investments LLC's holdings in LyondellBasell Industries were worth $3,194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Optimist Retirement Group LLC raised its stake in shares of LyondellBasell Industries by 13.1% in the third quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company's stock worth $2,072,000 after acquiring an additional 2,498 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $658,000. Arvest Bank Trust Division bought a new position in LyondellBasell Industries in the 3rd quarter worth approximately $1,896,000. Sanctuary Advisors LLC lifted its holdings in LyondellBasell Industries by 165.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 59,542 shares of the specialty chemicals company's stock worth $5,710,000 after buying an additional 37,079 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in LyondellBasell Industries in the 3rd quarter valued at $2,733,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Saturday, November 30th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $97.36.

LyondellBasell Industries Trading Down 0.7 %

Shares of LyondellBasell Industries stock traded down $0.51 during trading hours on Friday, hitting $75.67. The company's stock had a trading volume of 2,606,383 shares, compared to its average volume of 1,973,183. LyondellBasell Industries has a 12 month low of $74.92 and a 12 month high of $107.02. 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 $24.57 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The stock has a 50 day moving average of $85.32 and a 200 day moving average of $92.16.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced 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 $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $2.46 EPS. The business's quarterly revenue was down 2.8% compared to the same quarter last year. Analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date was Monday, December 2nd. 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.