World Equity Group Inc. Makes New Investment in LyondellBasell Industries (NYSE:LYB)

World Equity Group Inc. acquired a new stake in shares of LyondellBasell Industries (NYSE:LYB) during the third quarter, according to its most recent filing with the SEC. The fund acquired 2,350 shares of the specialty chemicals company’s stock, valued at approximately $225,000.

Other institutional investors have also added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC purchased a new stake in LyondellBasell Industries in the 1st quarter worth approximately $28,000. Matrix Trust Co bought a new position in LyondellBasell Industries in the 3rd quarter valued at $30,000. Finally, Blue Trust Inc. grew its position in shares of LyondellBasell Industries by 311.0% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $84.19 on Tuesday. The company has a 50-day simple moving average of $93.28 and a two-hundred day simple moving average of $95.88. LyondellBasell Industries has a 12-month low of $84.04 and a 12-month high of $107.02. The firm has a market cap of $27.37 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.64 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.15). 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 for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors 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 6.37%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday. UBS Group lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $101.11.

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.