Gotham Asset Management LLC grew its position in LyondellBasell Industries NV (NYSE:LYB) by 101.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,352 shares of the specialty chemicals company’s stock after acquiring an additional 110,171 shares during the quarter. Gotham Asset Management LLC owned approximately 0.06% of LyondellBasell Industries worth $24,089,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its stake in LyondellBasell Industries by 1.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after buying an additional 434 shares during the last quarter. Covington Capital Management grew its stake in LyondellBasell Industries by 40.7% during the 4th quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after buying an additional 500 shares during the last quarter. Oakworth Capital Inc. grew its stake in LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares during the last quarter. Advisor Partners LLC grew its stake in LyondellBasell Industries by 10.1% during the 4th quarter. Advisor Partners LLC now owns 5,973 shares of the specialty chemicals company’s stock worth $716,000 after buying an additional 549 shares during the last quarter. Finally, Gyroscope Capital Management Group LLC grew its stake in LyondellBasell Industries by 1.0% during the 4th quarter. Gyroscope Capital Management Group LLC now owns 60,473 shares of the specialty chemicals company’s stock worth $6,671,000 after buying an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 75.10% of the company’s stock.
Shares of LyondellBasell Industries NV (LYB) opened at $106.77 on Tuesday. The stock has a market capitalization of $42,288.54, a PE ratio of 8.72, a P/E/G ratio of 1.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57. LyondellBasell Industries NV has a one year low of $78.01 and a one year high of $121.95.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion during the quarter, compared to the consensus estimate of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 EPS. analysts predict that LyondellBasell Industries NV will post 10.75 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were given a $1.00 dividend. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio is presently 32.65%.
A number of research analysts recently commented on the company. ValuEngine upgraded LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 2nd. Citigroup increased their price target on LyondellBasell Industries from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price target for the company in a research note on Monday, February 5th. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Wells Fargo reissued an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a research note on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries currently has an average rating of “Hold” and an average price target of $108.24.
LyondellBasell Industries Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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