Laurion Capital Management LP boosted its position in LyondellBasell Industries NV (NYSE:LYB) by 152.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,180 shares of the specialty chemicals company’s stock after purchasing an additional 26,054 shares during the period. Laurion Capital Management LP’s holdings in LyondellBasell Industries were worth $4,743,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Hudock Capital Group LLC lifted its stake in LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 552 shares during the last quarter. Cornerstone Advisors Inc. lifted its stake in LyondellBasell Industries by 138.3% in the 1st quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock valued at $104,000 after purchasing an additional 571 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at about $109,000. Atlas Capital Advisors LLC raised its holdings in LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after acquiring an additional 661 shares during the period. Finally, Sun Life Financial INC raised its holdings in LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 894 shares during the period. Institutional investors and hedge funds own 72.71% of the company’s stock.
Several research analysts have weighed in on LYB shares. Wells Fargo & Co increased their price target on shares of LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, June 6th. Standpoint Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, May 21st. ValuEngine cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 4th. Jefferies Financial Group raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and increased their price target for the company from $78.01 to $121.95 in a report on Wednesday, May 16th. Finally, Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Thursday, August 9th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $117.85.
LyondellBasell Industries stock opened at $112.24 on Friday. The stock has a market capitalization of $43.48 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.99 and a beta of 1.13. The company has a current ratio of 2.27, a quick ratio of 1.51 and a debt-to-equity ratio of 0.71. LyondellBasell Industries NV has a twelve month low of $90.97 and a twelve month high of $121.95.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. The company had revenue of $10.21 billion for the quarter, compared to analysts’ expectations of $9.11 billion. equities analysts forecast that LyondellBasell Industries NV will post 11.83 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, September 4th. This represents a $4.00 annualized dividend and a dividend yield of 3.56%. LyondellBasell Industries’s dividend payout ratio is presently 39.10%.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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