CNA Financial Corp Has $9.57 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

CNA Financial Corp increased its position in LyondellBasell Industries (NYSE:LYB) by 17.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,000 shares of the specialty chemicals company’s stock after acquiring an additional 15,000 shares during the quarter. LyondellBasell Industries comprises approximately 5.4% of CNA Financial Corp’s holdings, making the stock its 8th biggest position. CNA Financial Corp’s holdings in LyondellBasell Industries were worth $9,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. McIlrath & Eck LLC increased its stake in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors bought a new position in LyondellBasell Industries in the 4th quarter worth $27,000. Chilton Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter worth $27,000. Gold Investment Management Ltd. bought a new stake in LyondellBasell Industries during the fourth quarter valued at about $28,000. Finally, Beacon Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the first quarter valued at about $28,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.5 %

LYB traded up $0.53 on Friday, hitting $98.70. The company had a trading volume of 3,075,442 shares, compared to its average volume of 1,771,030. The business’s fifty day simple moving average is $96.24 and its 200 day simple moving average is $98.37. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The company has a market cap of $32.14 billion, a PE ratio of 15.26, a PEG ratio of 1.21 and a beta of 1.09.

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

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.43%. The ex-dividend date of this dividend is Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LYB. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group cut their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Barclays upped their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.55.

About LyondellBasell Industries

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.