LyondellBasell Industries (NYSE:LYB) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its holdings in LyondellBasell Industries (NYSE:LYB) by 4.9% during the 3rd quarter, Holdings Channel reports. The firm owned 205,833 shares of the specialty chemicals company’s stock after purchasing an additional 9,662 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in LyondellBasell Industries were worth $19,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LYB. CVA Family Office LLC lifted its stake in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the last quarter. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at $31,000. Finally, Independence Bank of Kentucky increased its position in LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 216 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LYB shares. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 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. Mizuho reduced their price target on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $98.50.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $77.65 on Wednesday. The firm has a fifty day moving average of $86.86 and a 200-day moving average of $92.74. The firm has a market capitalization of $25.22 billion, a P/E ratio of 11.82, a PEG ratio of 2.13 and a beta of 1.05. LyondellBasell Industries has a 52-week low of $75.98 and a 52-week high of $107.02. 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 released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 EPS. As a group, analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 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.