Greenwood Capital Associates LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Greenwood Capital Associates LLC boosted its stake in LyondellBasell Industries (NYSE:LYB) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,144 shares of the specialty chemicals company’s stock after acquiring an additional 323 shares during the quarter. Greenwood Capital Associates LLC’s holdings in LyondellBasell Industries were worth $1,740,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Capital World Investors boosted its position in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after buying an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in LyondellBasell Industries during the first quarter valued at approximately $61,327,000. Pacer Advisors Inc. boosted its holdings in LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares during the period. Ensign Peak Advisors Inc grew its position in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after buying an additional 347,877 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth approximately $17,683,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $84.19 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a one year low of $84.04 and a one year high of $107.02. The company has a fifty day moving average price of $93.28 and a 200 day moving average price of $95.88. The stock has a market cap of $27.37 billion, a P/E ratio of 12.81, a PEG ratio of 1.64 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.15). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the business earned $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts anticipate that LyondellBasell Industries will post 7.53 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 81.58%.

Analyst Ratings Changes

Several analysts recently commented on the company. Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. Royal Bank of Canada decreased their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Mizuho lowered their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $101.11.

About LyondellBasell Industries

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.