Jacobs Levy Equity Management Inc. Buys 871,708 Shares of LyondellBasell Industries (NYSE:LYB)

Jacobs Levy Equity Management Inc. lifted its stake in LyondellBasell Industries (NYSE:LYB) by 211.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,283,163 shares of the specialty chemicals company’s stock after buying an additional 871,708 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.40% of LyondellBasell Industries worth $123,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CVA Family Office LLC raised its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter worth $30,000. Blue Trust Inc. raised its position in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter worth about $31,000. Finally, Independence Bank of Kentucky raised its position in shares of LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 216 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on LYB. Royal Bank of Canada reduced 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. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their target price on 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 upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $82.03 on Tuesday. LyondellBasell Industries has a 52 week low of $81.06 and a 52 week high of $107.02. The company’s 50 day moving average price is $88.88 and its two-hundred day moving average price is $93.62. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a market cap of $26.64 billion, a P/E ratio of 12.49, a P/E/G ratio of 2.33 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm posted $2.46 EPS. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a $1.34 dividend. The ex-dividend date is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.53%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.