Blue Trust Inc. Has $31,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Blue Trust Inc. grew its position in shares of LyondellBasell Industries (NYSE:LYB) by 311.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 300 shares of the specialty chemicals company’s stock after acquiring an additional 227 shares during the quarter. Blue Trust Inc.’s holdings in LyondellBasell Industries were worth $31,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LYB. McIlrath & Eck LLC lifted its position in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $27,000. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $27,000. Gold Investment Management Ltd. acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $28,000. Finally, Beacon Capital Management LLC bought a new stake in LyondellBasell Industries during the first quarter worth about $28,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 2.0 %

Shares of NYSE:LYB opened at $98.29 on Friday. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The business has a 50 day moving average of $96.01 and a 200-day moving average of $98.31. 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 market cap of $32.01 billion, a PE ratio of 15.19, a P/E/G ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating 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 return on equity of 19.31% and a net margin of 5.20%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 EPS. As a group, equities research analysts forecast that LyondellBasell Industries will post 8.3 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 26th will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date is Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 82.84%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LYB. Deutsche Bank Aktiengesellschaft boosted their price target on 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 lowered their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Mizuho upped their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $107.55.

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.