78,596 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Weiss Asset Management LP

Weiss Asset Management LP purchased a new position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 78,596 shares of the specialty chemicals company's stock, valued at approximately $7,537,000.

A number of other large investors have also recently modified their holdings of LYB. CVA Family Office LLC grew its stake in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after buying an additional 159 shares during the last quarter. Matrix Trust Co acquired a new position in LyondellBasell Industries during the 3rd quarter worth about $30,000. Blue Trust Inc. boosted its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock valued at $31,000 after acquiring an additional 227 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $31,000. Finally, Independence Bank of Kentucky grew its stake in LyondellBasell Industries by 125.6% during the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock worth $37,000 after purchasing an additional 216 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 1.3 %

Shares of LYB traded down $1.01 during trading hours on Friday, reaching $76.40. 4,250,775 shares of the stock traded hands, compared to its average volume of 1,944,143. LyondellBasell Industries has a 52 week low of $75.98 and a 52 week high of $107.02. The company has a market cap of $24.81 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 2.26 and a beta of 1.05. The stock has a fifty day simple moving average of $87.63 and a 200 day simple moving average of $93.13. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm 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 17.05% and a net margin of 5.29%. LyondellBasell Industries's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.46 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.02%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LYB shares. StockNews.com upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Barclays decreased 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, November 4th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research note on Friday. Finally, Royal Bank of Canada lowered their target price on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and a consensus target price of $100.70.

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.