TCW Group Inc. Has $1.74 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

TCW Group Inc. lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,217 shares of the specialty chemicals company’s stock after selling 119 shares during the period. TCW Group Inc.’s holdings in LyondellBasell Industries were worth $1,743,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYB. PGGM Investments lifted its position in shares of LyondellBasell Industries by 6.9% in the 4th quarter. PGGM Investments now owns 13,663 shares of the specialty chemicals company’s stock valued at $1,299,000 after acquiring an additional 879 shares in the last quarter. Norden Group LLC purchased a new position in shares of LyondellBasell Industries during the first quarter valued at $3,686,000. Russell Investments Group Ltd. raised its position in LyondellBasell Industries by 25.1% during the fourth quarter. Russell Investments Group Ltd. now owns 233,350 shares of the specialty chemicals company’s stock valued at $22,198,000 after buying an additional 46,871 shares during the period. Sound Income Strategies LLC lifted its stake in LyondellBasell Industries by 9.3% in the 1st quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock worth $22,679,000 after acquiring an additional 18,901 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its position in LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after acquiring an additional 21,809 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price target 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 decreased 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 note on Monday, August 5th. JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Royal Bank of Canada lifted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. Finally, BMO Capital Markets raised their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $107.55.

LyondellBasell Industries Stock Down 0.4 %

Shares of LyondellBasell Industries stock opened at $97.07 on Monday. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The stock has a market capitalization of $31.61 billion, a P/E ratio of 15.00, a PEG ratio of 1.21 and a beta of 1.09. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The stock has a 50 day moving average price of $95.84 and a two-hundred day moving average price of $98.22.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.44 EPS. Equities analysts expect that LyondellBasell Industries will post 8.3 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th will be paid a $1.34 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.52%. LyondellBasell Industries’s payout ratio is presently 82.84%.

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.