Kingfisher Capital LLC boosted its stake in LyondellBasell Industries NV (NYSE:LYB) by 0.5% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,703 shares of the specialty chemicals company’s stock after buying an additional 75 shares during the quarter. Kingfisher Capital LLC’s holdings in LyondellBasell Industries NV were worth $1,410,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Harbour Capital Advisors LLC purchased a new stake in LyondellBasell Industries NV in the 1st quarter valued at approximately $107,000. Point72 Asia Hong Kong Ltd purchased a new stake in LyondellBasell Industries NV in the 1st quarter valued at approximately $132,000. American Beacon Advisors Inc. purchased a new stake in LyondellBasell Industries NV in the 1st quarter valued at approximately $161,000. Seven Bridges Advisors LLC lifted its stake in LyondellBasell Industries NV by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $163,000 after buying an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC lifted its stake in LyondellBasell Industries NV by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 100 shares in the last quarter. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of LyondellBasell Industries NV stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total transaction of $287,580.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.
LYB has been the topic of a number of recent analyst reports. UBS AG reissued a “neutral” rating and set a $85.00 price target (down previously from $94.00) on shares of LyondellBasell Industries NV in a research note on Sunday, June 25th. Zacks Investment Research raised LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Thursday. BidaskClub lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Cowen and Company reissued a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research note on Wednesday, October 4th. Finally, Jefferies Group LLC set a $88.00 price target on LyondellBasell Industries NV and gave the stock a “hold” rating in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $95.75.
Shares of LyondellBasell Industries NV (NYSE LYB) traded up 0.02% on Thursday, hitting $97.28. The company had a trading volume of 913,463 shares. The company has a market cap of $38.50 billion, a price-to-earnings ratio of 10.86 and a beta of 1.04. LyondellBasell Industries NV has a 12-month low of $76.71 and a 12-month high of $100.74. The company has a 50 day moving average of $95.02 and a 200-day moving average of $87.37.
LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.14. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. On average, analysts forecast that LyondellBasell Industries NV will post $9.97 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio (DPR) is currently 40.18%.
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About LyondellBasell Industries NV
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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