National Pension Service Has $42.79 Million Holdings in LyondellBasell Industries (NYSE:LYB)

National Pension Service increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 9.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 446,174 shares of the specialty chemicals company’s stock after acquiring an additional 37,611 shares during the quarter. National Pension Service’s holdings in LyondellBasell Industries were worth $42,788,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LYB. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% during 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. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries during the first quarter worth about $27,000. Beacon Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter valued at about $28,000. Blue Trust Inc. raised its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in shares of LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LYB shares. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Mizuho dropped their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $100.56.

LyondellBasell Industries Stock Up 1.3 %

Shares of NYSE:LYB opened at $86.44 on Thursday. The business has a fifty day simple moving average of $92.81 and a 200 day simple moving average of $95.71. LyondellBasell Industries has a 12-month low of $83.36 and a 12-month high of $107.02. The firm has a market cap of $28.07 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 earnings per share. Analysts predict that LyondellBasell Industries will post 7.38 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.20%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.