MGO One Seven LLC Acquires 8,390 Shares of LyondellBasell Industries N.V. $LYB

MGO One Seven LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 151.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,925 shares of the specialty chemicals company’s stock after buying an additional 8,390 shares during the period. MGO One Seven LLC’s holdings in LyondellBasell Industries were worth $800,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYB. Cidel Asset Management Inc. increased its holdings in shares of LyondellBasell Industries by 2.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,996 shares of the specialty chemicals company’s stock worth $526,000 after acquiring an additional 193 shares during the last quarter. Pinnacle Bancorp Inc. lifted its holdings in LyondellBasell Industries by 26.0% during the 3rd quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 199 shares during the last quarter. Ipsen Advisor Group LLC boosted its position in LyondellBasell Industries by 2.4% during the first quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock worth $754,000 after purchasing an additional 216 shares during the period. Moody National Bank Trust Division boosted its position in LyondellBasell Industries by 4.7% during the third quarter. Moody National Bank Trust Division now owns 6,116 shares of the specialty chemicals company’s stock worth $351,000 after purchasing an additional 275 shares during the period. Finally, North Dakota State Investment Board increased its holdings in shares of LyondellBasell Industries by 3.7% in the third quarter. North Dakota State Investment Board now owns 7,900 shares of the specialty chemicals company’s stock valued at $454,000 after purchasing an additional 283 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LYB. Barclays increased their price objective on shares of LyondellBasell Industries from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday, November 2nd. Bank of America reaffirmed an “underperform” rating and set a $66.00 target price on shares of LyondellBasell Industries in a report on Monday. BMO Capital Markets reiterated an “outperform” rating and issued a $72.00 price target on shares of LyondellBasell Industries in a research note on Monday. Wall Street Zen lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $73.22.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.81 during midday trading on Friday, hitting $60.82. The company’s stock had a trading volume of 3,065,436 shares, compared to its average volume of 3,470,195. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.78 and a quick ratio of 1.18. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.17 and a beta of 0.29. LyondellBasell Industries N.V. has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a 50-day moving average price of $62.69 and a two-hundred day moving average price of $63.93.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 30th. The specialty chemicals company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). LyondellBasell Industries had a return on equity of 21.94% and a net margin of 4.06%. The business had revenue of $8.50 billion for the quarter, compared to analyst estimates of $8.87 billion. During the same quarter in the previous year, the company earned $1.01 EPS. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 9.08 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were issued a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio is 69.70%.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.