Cumberland Advisors Inc. Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

Cumberland Advisors Inc. boosted its position in LyondellBasell Industries (NYSE:LYB) by 28.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,600 shares of the specialty chemicals company’s stock after acquiring an additional 800 shares during the quarter. Cumberland Advisors Inc.’s holdings in LyondellBasell Industries were worth $345,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Capital World Investors grew its position in shares of LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in shares of LyondellBasell Industries during the 1st quarter worth $61,327,000. Pacer Advisors Inc. raised its stake in shares of 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 worth $461,930,000 after buying an additional 579,300 shares during the last quarter. Ensign Peak Advisors Inc boosted its position in shares of LyondellBasell Industries by 80.7% in the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after buying an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $17,683,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB stock traded down $0.67 during mid-day trading on Thursday, reaching $91.25. The company had a trading volume of 593,311 shares, compared to its average volume of 1,821,763. 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 stock has a market capitalization of $29.71 billion, a P/E ratio of 14.23, a P/E/G ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The stock’s 50-day simple moving average is $95.53 and its two-hundred day simple moving average is $97.24.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the business posted $2.44 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LYB shares. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Barclays lowered their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Royal Bank of Canada decreased their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.40.

LyondellBasell Industries Company 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.