ANTIPODES PARTNERS Ltd Sells 654,135 Shares of LyondellBasell Industries (NYSE:LYB)

ANTIPODES PARTNERS Ltd decreased its holdings in LyondellBasell Industries (NYSE:LYB) by 83.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 128,661 shares of the specialty chemicals company’s stock after selling 654,135 shares during the quarter. ANTIPODES PARTNERS Ltd’s holdings in LyondellBasell Industries were worth $12,308,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares in the last quarter. Capital World Investors lifted its position in shares of LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of LyondellBasell Industries by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,390,223 shares of the specialty chemicals company’s stock worth $132,182,000 after buying an additional 13,093 shares in the last quarter. Raymond James & Associates lifted its position in shares of LyondellBasell Industries by 5.7% during the 2nd quarter. Raymond James & Associates now owns 909,144 shares of the specialty chemicals company’s stock worth $86,969,000 after buying an additional 49,190 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $82,854,000. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on LYB. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Finally, UBS Group reduced their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $107.55.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $94.23 on Friday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week 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 company has a market capitalization of $30.68 billion, a P/E ratio of 14.56, a P/E/G ratio of 1.33 and a beta of 1.07. The company has a fifty day moving average of $96.29 and a 200-day moving average of $98.37.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.44 earnings per share. As a group, equities research analysts predict that LyondellBasell Industries will post 8.11 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.69%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio 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.