AustralianSuper Pty Ltd Has $199.02 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

AustralianSuper Pty Ltd lowered its stake in LyondellBasell Industries (NYSE:LYB) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,075,234 shares of the specialty chemicals company’s stock after selling 25,671 shares during the quarter. LyondellBasell Industries comprises approximately 1.0% of AustralianSuper Pty Ltd’s holdings, making the stock its 29th largest holding. AustralianSuper Pty Ltd owned 0.64% of LyondellBasell Industries worth $199,015,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Palumbo Wealth Management LLC lifted its stake in LyondellBasell Industries by 31.6% in the third quarter. Palumbo Wealth Management LLC now owns 3,770 shares of the specialty chemicals company’s stock valued at $362,000 after buying an additional 906 shares during the period. SteelPeak Wealth LLC increased its stake in shares of LyondellBasell Industries by 11.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 11,145 shares of the specialty chemicals company’s stock valued at $1,069,000 after acquiring an additional 1,182 shares during the last quarter. Pinnacle Associates Ltd. raised its position in shares of LyondellBasell Industries by 10.0% in the 3rd quarter. Pinnacle Associates Ltd. now owns 28,831 shares of the specialty chemicals company’s stock valued at $2,741,000 after acquiring an additional 2,616 shares during the period. Trajan Wealth LLC boosted its stake in LyondellBasell Industries by 12.6% during the 3rd quarter. Trajan Wealth LLC now owns 45,525 shares of the specialty chemicals company’s stock worth $4,366,000 after acquiring an additional 5,077 shares during the last quarter. Finally, Fortitude Family Office LLC grew its holdings in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 0.0 %

Shares of LyondellBasell Industries stock traded down $0.04 on Thursday, reaching $87.11. 504,292 shares of the company were exchanged, compared to its average volume of 1,817,861. The company has a market capitalization of $28.32 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.69 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. LyondellBasell Industries has a one year low of $86.74 and a one year high of $107.02. The company has a 50-day moving average of $93.98 and a 200 day moving average of $96.20.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same period in the prior year, the firm posted $2.44 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 7.53 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 75.39%.

Wall Street Analysts Forecast Growth

LYB has been the topic of several analyst reports. UBS Group cut their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $106.33.

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.