LyondellBasell Industries N.V. $LYB Shares Bought by WINTON GROUP Ltd

WINTON GROUP Ltd lifted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 244.8% in the second quarter, Holdings Channel reports. The institutional investor owned 134,133 shares of the specialty chemicals company’s stock after acquiring an additional 95,236 shares during the quarter. WINTON GROUP Ltd’s holdings in LyondellBasell Industries were worth $7,062,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LYB. California State Teachers Retirement System increased its stake in LyondellBasell Industries by 5,280.5% during the second quarter. California State Teachers Retirement System now owns 15,773,782 shares of the specialty chemicals company’s stock worth $830,490,000 after acquiring an additional 15,480,616 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the period. BlackRock Inc. grew its holdings in shares of LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after purchasing an additional 4,185,571 shares during the period. AQR Capital Management LLC increased its position in shares of LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after buying an additional 1,431,334 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 0.0%

NYSE:LYB opened at $64.61 on Thursday. The stock has a fifty day moving average price of $61.30 and a 200 day moving average price of $65.95. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a market cap of $20.87 billion, a PE ratio of -57.18, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the company earned $0.62 EPS. LyondellBasell Industries’s revenue for the quarter was up 19.8% compared to the same quarter last year. Sell-side analysts anticipate that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a $0.69 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries’s payout ratio is currently -244.25%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $98.00 in a research note on Thursday, May 28th. Bank of America decreased their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a report on Tuesday, June 30th. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Finally, Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $72.56.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.