Schroder Investment Management Group Raises Stock Holdings in LyondellBasell Industries N.V. $LYB
by Renee Jackson · The Cerbat GemSchroder Investment Management Group raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 22.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,018,271 shares of the specialty chemicals company’s stock after acquiring an additional 187,889 shares during the period. Schroder Investment Management Group’s holdings in LyondellBasell Industries were worth $58,917,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Arkadios Wealth Advisors bought a new stake in LyondellBasell Industries in the 1st quarter worth approximately $299,000. Natixis Advisors LLC boosted its stake in shares of LyondellBasell Industries by 9.3% in the 1st quarter. Natixis Advisors LLC now owns 65,457 shares of the specialty chemicals company’s stock worth $4,608,000 after buying an additional 5,571 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of LyondellBasell Industries by 10.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 101,865 shares of the specialty chemicals company’s stock worth $7,171,000 after buying an additional 9,395 shares during the last quarter. Banco Santander S.A. grew its holdings in shares of LyondellBasell Industries by 85.9% in the first quarter. Banco Santander S.A. now owns 71,474 shares of the specialty chemicals company’s stock worth $5,032,000 after acquiring an additional 33,024 shares during the period. Finally, Pathway Financial Advisers LLC purchased a new stake in LyondellBasell Industries during the first quarter valued at $216,000. 71.20% of the stock is currently owned by institutional investors.
LyondellBasell Industries Price Performance
NYSE LYB opened at $49.31 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.46. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 64.03 and a beta of 0.87. The company’s 50 day moving average is $46.60 and its two-hundred day moving average is $53.68.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (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 analysts’ expectations of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.
LyondellBasell Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders 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 dividend on an annualized basis and a yield of 11.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -146.13%.
Insider Activity at LyondellBasell Industries
In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the purchase, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.
Analyst Ratings Changes
A number of equities research analysts have issued reports on LYB shares. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. Mizuho set a $52.00 target price on shares of LyondellBasell Industries in a report on Monday, November 3rd. Rothschild & Co Redburn decreased their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.19.
View Our Latest Research Report on LyondellBasell Industries
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.
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