Cascade Investment Group Inc. Has $345,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Cascade Investment Group Inc. boosted its stake in LyondellBasell Industries (NYSE:LYB) by 10.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,608 shares of the specialty chemicals company’s stock after buying an additional 350 shares during the quarter. Cascade Investment Group Inc.’s holdings in LyondellBasell Industries were worth $345,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of LYB. McIlrath & Eck LLC boosted its stake in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after buying an additional 141 shares in the last quarter. Heritage Wealth Advisors acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $27,000. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $27,000. Gold Investment Management Ltd. acquired a new stake in LyondellBasell Industries in the 4th quarter valued at $28,000. Finally, Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $28,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.4 %

Shares of LYB stock traded down $0.43 on Wednesday, hitting $96.20. 903,391 shares of the stock were exchanged, compared to its average volume of 1,770,611. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $31.32 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The business has a 50-day moving average of $95.76 and a 200 day moving average of $98.18. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. LyondellBasell Industries’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.57%. LyondellBasell Industries’s dividend payout ratio is 82.84%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. BMO Capital Markets boosted their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. Finally, Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $107.55.

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.