Ballentine Partners LLC Acquires 209 Shares of LyondellBasell Industries (NYSE:LYB)

Ballentine Partners LLC grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 6.6% during the second quarter, Holdings Channel reports. The firm owned 3,375 shares of the specialty chemicals company’s stock after purchasing an additional 209 shares during the period. Ballentine Partners LLC’s holdings in LyondellBasell Industries were worth $323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Heritage Wealth Advisors bought a new position in LyondellBasell Industries during the fourth 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 approximately $27,000. Gold Investment Management Ltd. acquired a new stake in LyondellBasell Industries in the 4th quarter worth approximately $28,000. Beacon Capital Management LLC bought a new stake in LyondellBasell Industries during the first quarter worth approximately $28,000. Finally, Blue Trust Inc. grew its holdings in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on LYB shares. 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. Wells Fargo & Company cut 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. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group cut their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $107.55.

LyondellBasell Industries Trading Up 0.2 %

Shares of LyondellBasell Industries stock opened at $93.96 on Thursday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The firm has a market capitalization of $30.60 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company’s fifty day moving average price is $96.20 and its two-hundred day moving average price is $98.27.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.44 earnings per share. On average, analysts expect that LyondellBasell Industries will post 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. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.70%. LyondellBasell Industries’s dividend payout ratio (DPR) 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.