World Equity Group Inc. Invests $225,000 in LyondellBasell Industries (NYSE:LYB)

World Equity Group Inc. bought a new position in LyondellBasell Industries (NYSE:LYB) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,350 shares of the specialty chemicals company’s stock, valued at approximately $225,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LYB. Capital World Investors lifted its position in shares of LyondellBasell Industries by 28.9% during the 1st 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 in the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $61,327,000. Pacer Advisors Inc. increased its stake in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Ensign Peak Advisors Inc raised its position in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after purchasing an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd bought a new position in LyondellBasell Industries in the 2nd quarter worth $17,683,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the subject of several research analyst reports. Royal Bank of Canada cut their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. Barclays dropped their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday. Finally, UBS Group lowered their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $101.11.

LyondellBasell Industries Price Performance

NYSE LYB opened at $84.19 on Tuesday. LyondellBasell Industries has a 1 year low of $84.04 and a 1 year high of $107.02. The company has a market cap of $27.37 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The stock’s fifty day moving average price is $93.28 and its 200 day moving average price is $95.88.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.15). The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.46 earnings per share. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.53 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.37%. LyondellBasell Industries’s payout ratio is 81.58%.

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.