Detalus Advisors LLC Takes Position in LyondellBasell Industries (NYSE:LYB)

Detalus Advisors LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 2,150 shares of the specialty chemicals company’s stock, valued at approximately $206,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Pacer Advisors Inc. increased its stake in LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors boosted its position in LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after buying an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after buying an additional 6,760 shares during the period. Finally, Raymond James & Associates raised its position in LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after buying an additional 3,394 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LYB. Barclays cut their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group decreased their price objective on 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 dropped their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $106.33.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded down $0.70 on Wednesday, reaching $88.81. The company’s stock had a trading volume of 369,562 shares, compared to its average volume of 1,818,513. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $28.92 billion, a P/E ratio of 13.71, a PEG ratio of 1.32 and a beta of 1.07. The stock has a 50-day moving average price of $95.07 and a 200-day moving average price of $96.80. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the previous year, the firm earned $2.44 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts expect that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.04%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.