TT Capital Management LLC Makes New $1.19 Million Investment in LyondellBasell Industries N.V. $LYB

TT Capital Management LLC purchased a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,400 shares of the specialty chemicals company’s stock, valued at approximately $1,188,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LYB. MTM Investment Management LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at about $26,000. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $26,000. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. EMC Capital Management acquired a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $29,000. Finally, Vermillion & White Wealth Management Group LLC boosted its position in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 264 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 12th. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Fermium Researc downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Rothschild & Co Redburn reduced their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Evercore ISI decreased their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research note on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.41.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kimberly A. Foley purchased 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Down 1.5%

Shares of NYSE:LYB opened at $44.43 on Friday. The firm has a 50 day simple moving average of $45.63 and a 200-day simple moving average of $52.81. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $79.39. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $14.30 billion, a PE ratio of -11.85 and a beta of 0.71.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same period last year, the business earned $1.88 EPS. LyondellBasell Industries’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is presently -146.13%.

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.