Y Intercept Hong Kong Ltd Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Y Intercept Hong Kong Ltd purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 19,782 shares of the specialty chemicals company's stock, valued at approximately $1,897,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockland Trust Co. boosted its position 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 period. Petredis Investment Advisors LLC increased its holdings in shares of LyondellBasell Industries by 0.5% in the third 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 shares of LyondellBasell Industries by 0.9% during the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company's stock worth $1,330,000 after acquiring an additional 120 shares during the period. Massmutual Trust Co. FSB ADV increased its position in LyondellBasell Industries by 25.5% during the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock worth $58,000 after acquiring an additional 122 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of LyondellBasell Industries by 3.4% during the second quarter. Deseret Mutual Benefit Administrators now owns 4,055 shares of the specialty chemicals company's stock worth $388,000 after purchasing an additional 132 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 1.6 %

Shares of NYSE LYB traded down $1.21 during midday trading on Wednesday, reaching $76.43. The stock had a trading volume of 2,763,346 shares, compared to its average volume of 1,968,280. LyondellBasell Industries has a twelve month low of $75.98 and a twelve month high of $107.02. 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 company's 50 day moving average price is $86.50 and its 200 day moving average price is $92.59. The firm has a market cap of $24.82 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. LyondellBasell Industries's quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.01%. LyondellBasell Industries's payout ratio is currently 81.58%.

Analysts Set New Price Targets

LYB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. Mizuho reduced their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. StockNews.com upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Finally, Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $98.50.

LyondellBasell Industries Company 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.