Entropy Technologies LP Boosts Position in LyondellBasell Industries (NYSE:LYB)

Entropy Technologies LP grew its position in LyondellBasell Industries (NYSE:LYB) by 29.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 15,898 shares of the specialty chemicals company’s stock after purchasing an additional 3,572 shares during the period. Entropy Technologies LP’s holdings in LyondellBasell Industries were worth $1,525,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. raised its position in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors lifted its stake in LyondellBasell Industries by 28.9% in the 1st 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. Envestnet Asset Management Inc. increased its position in LyondellBasell Industries by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after buying an additional 6,760 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of LyondellBasell Industries by 0.4% in the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after acquiring an additional 3,394 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 1.6 %

Shares of NYSE:LYB opened at $83.63 on Wednesday. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The stock has a 50-day simple moving average of $92.05 and a 200-day simple moving average of $95.37. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market capitalization of $27.16 billion, a P/E ratio of 12.73, a PEG ratio of 2.36 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. 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 earnings per share. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LYB shares. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Barclays lowered their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Royal Bank of Canada dropped their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. One 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. Based on data from MarketBeat, the company has a consensus 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.