LyondellBasell Industries N.V. $LYB Stock Holdings Decreased by Hosking Partners LLP

Hosking Partners LLP lowered its position in LyondellBasell Industries N.V. (NYSE:LYB) by 5.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 777,140 shares of the specialty chemicals company’s stock after selling 43,000 shares during the quarter. LyondellBasell Industries makes up about 1.5% of Hosking Partners LLP’s investment portfolio, making the stock its 23rd largest position. Hosking Partners LLP’s holdings in LyondellBasell Industries were worth $44,662,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Fortitude Family Office LLC raised its holdings in LyondellBasell Industries by 221.0% during the third quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 347 shares during the period. Banque Cantonale Vaudoise purchased a new position in shares of LyondellBasell Industries in the first quarter valued at about $48,000. Kelleher Financial Advisors boosted its stake in shares of LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 658 shares during the period. SHP Wealth Management bought a new position in shares of LyondellBasell Industries in the fourth quarter worth about $39,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth about $73,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 1.1%

LYB stock opened at $63.27 on Thursday. The firm has a fifty day moving average price of $62.49 and a 200 day moving average price of $64.28. LyondellBasell Industries N.V. has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The firm has a market cap of $20.44 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.16 and a beta of 0.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB) last released 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. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. LyondellBasell Industries’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries N.V. will post 9.25 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on LYB shares. Wall Street Zen downgraded LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. KeyCorp initiated coverage on LyondellBasell Industries in a research note on Thursday, September 10th. They issued a “sector weight” rating for the company. Citigroup restated a “neutral” rating and issued a $63.00 price target (down from $72.00) on shares of LyondellBasell Industries in a research note on Wednesday, September 30th. Mizuho increased their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $71.50.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.