33,037 Shares in LyondellBasell Industries (NYSE:LYB) Acquired by Quantbot Technologies LP

Quantbot Technologies LP bought a new position in LyondellBasell Industries (NYSE:LYB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 33,037 shares of the specialty chemicals company’s stock, valued at approximately $3,168,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares in the last quarter. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Matrix Trust Co bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $30,000. Blue Trust Inc. increased its position in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth approximately $31,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB stock opened at $83.04 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.08. LyondellBasell Industries has a 12 month low of $81.45 and a 12 month high of $107.02. The firm has a 50 day moving average of $89.36 and a two-hundred day moving average of $93.92.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.45%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is 81.58%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on LYB. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries 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.