LyondellBasell Industries N.V. $LYB Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 782,100 shares of the specialty chemicals company’s stock after buying an additional 49,400 shares during the period. Swiss National Bank owned 0.24% of LyondellBasell Industries worth $45,252,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of LYB. Crews Bank & Trust raised its holdings in LyondellBasell Industries by 16.4% in the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 175 shares during the period. New York Life Investment Management LLC increased its position in shares of LyondellBasell Industries by 0.5% in the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after acquiring an additional 193 shares in the last quarter. Central Pacific Bank Trust Division raised its stake in shares of LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after acquiring an additional 200 shares during the period. State of Michigan Retirement System lifted its holdings in shares of LyondellBasell Industries by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after acquiring an additional 200 shares in the last quarter. Finally, TCW Group Inc. boosted its position in LyondellBasell Industries by 1.1% during the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after purchasing an additional 202 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYB. Rothschild & Co Redburn reduced their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Citigroup cut their price objective on shares of LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Wednesday, November 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reduced their price target on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $56.19.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $45.43 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $14.62 billion, a price-to-earnings ratio of 59.00 and a beta of 0.87. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $85.25. The business has a 50 day simple moving average of $46.95 and a 200-day simple moving average of $53.99.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue was down 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.88 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.1%. LyondellBasell Industries’s dividend payout ratio is -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In related news, EVP Kimberly A. Foley purchased 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

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.