LyondellBasell Industries (NYSE:LYB) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of LyondellBasell Industries (NYSE:LYBGet Rating) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,227 shares of the specialty chemicals company’s stock after acquiring an additional 529 shares during the period. Daiwa Securities Group Inc.’s holdings in LyondellBasell Industries were worth $1,297,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LYB. Alpha Paradigm Partners LLC acquired a new stake in shares of LyondellBasell Industries during the second quarter valued at about $26,000. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth about $26,000. Trust Co. of Vermont lifted its position in shares of LyondellBasell Industries by 1,033.3% during the third quarter. Trust Co. of Vermont now owns 340 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 310 shares during the last quarter. Leelyn Smith LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth about $29,000. Finally, Rise Advisors LLC lifted its position in shares of LyondellBasell Industries by 1,207.7% during the second quarter. Rise Advisors LLC now owns 340 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 314 shares during the last quarter. 91.12% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LYB opened at $92.30 on Monday. The business’s 50 day moving average is $85.47 and its 200-day moving average is $83.89. The stock has a market cap of $30.06 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.20. The company has a current ratio of 1.61, a quick ratio of 0.94 and a debt-to-equity ratio of 0.86. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $117.22.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its quarterly earnings results on Friday, October 28th. The specialty chemicals company reported $1.96 earnings per share for the quarter, missing analysts’ consensus estimates of $2.96 by ($1.00). The business had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $13.28 billion. LyondellBasell Industries had a net margin of 8.03% and a return on equity of 39.88%. On average, analysts predict that LyondellBasell Industries will post 12.26 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Monday, November 28th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 5.16%. LyondellBasell Industries’s dividend payout ratio is presently 36.87%.

Analysts Set New Price Targets

Several equities analysts have recently commented on LYB shares. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group started coverage on shares of LyondellBasell Industries in a research report on Thursday, October 13th. They set a “sell” rating and a $80.00 price target on the stock. Bank of America reduced their price target on shares of LyondellBasell Industries from $95.00 to $77.00 in a research report on Tuesday, October 11th. Mizuho increased their price target on shares of LyondellBasell Industries from $88.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, January 12th. Finally, UBS Group raised their target price on shares of LyondellBasell Industries from $81.00 to $91.00 and gave the stock a “neutral” rating in a report on Wednesday, January 11th. Four research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.39.

LyondellBasell Industries Company Profile

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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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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