LyondellBasell Industries (NYSE:LYB) Position Reduced by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 9.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,956 shares of the specialty chemicals company’s stock after selling 2,198 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in LyondellBasell Industries were worth $2,106,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LYB. Capital World Investors lifted its stake in 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 valued at $273,671,000 after buying an additional 600,554 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new stake in LyondellBasell Industries during the first quarter valued at about $61,327,000. Pacer Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares during the period. Ensign Peak Advisors Inc increased its holdings 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 valued at $74,523,000 after purchasing an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at about $17,683,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $83.63 on Wednesday. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02. The firm has a market capitalization of $27.16 billion, a P/E ratio of 12.73, a P/E/G ratio of 2.36 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 has a fifty day moving average price of $92.05 and a two-hundred day moving average price of $95.37.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business posted $2.46 earnings per share. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.41%. LyondellBasell Industries’s payout ratio is 81.58%.

Analysts Set New Price Targets

LYB has been the topic of a number of research reports. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $101.70.

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.