Graypoint LLC Acquires 248 Shares of LyondellBasell Industries (NYSE:LYB)

Graypoint LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,237 shares of the specialty chemicals company’s stock after acquiring an additional 248 shares during the quarter. Graypoint LLC’s holdings in LyondellBasell Industries were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LYB. Chilton Capital Management LLC bought a new stake in LyondellBasell Industries during the first quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $28,000. Heritage Wealth Advisors purchased a new position in LyondellBasell Industries in the fourth quarter worth $27,000. Gold Investment Management Ltd. purchased a new stake in LyondellBasell Industries during the fourth quarter valued at about $28,000. Finally, Blue Trust Inc. lifted its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group decreased their price target on shares of 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 upped their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Barclays lifted their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.55.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $98.70 on Tuesday. The firm has a market capitalization of $32.09 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 1.33 and a beta of 1.09. The stock has a fifty day moving average of $96.33 and a 200 day moving average of $98.44. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period last year, the company posted $2.44 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts expect that LyondellBasell Industries will post 8.11 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

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.