LyondellBasell Industries (NYSE:LYB) Shares Bought by Burford Brothers Inc.

Burford Brothers Inc. lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 6.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,362 shares of the specialty chemicals company’s stock after purchasing an additional 508 shares during the quarter. Burford Brothers Inc.’s holdings in LyondellBasell Industries were worth $802,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. CVA Family Office LLC lifted its position in shares of LyondellBasell Industries by 155.9% during the third 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. Chilton Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at approximately $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries in the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Barclays lowered their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $87.50 on Friday. The company has a market cap of $28.49 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. LyondellBasell Industries has a one year low of $87.41 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The business has a fifty day moving average of $94.74 and a two-hundred day moving average of $96.69.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.44 EPS. As a group, analysts predict that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.13%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

LyondellBasell Industries Company 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.