LyondellBasell Industries (LYB) Stake Maintained by Amica Mutual Insurance Co.
Amica Mutual Insurance Co. held its position in LyondellBasell Industries (NYSE:LYB) during the third quarter, according to its most recent filing with the SEC. The firm owned 24,369 shares of the company’s stock at the end of the third quarter. Amica Mutual Insurance Co.’s holdings in LyondellBasell Industries were worth $1,966,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in LYB. Credit Capital Investments LLC boosted its position in LyondellBasell Industries by 21,119.3% in the second quarter. Credit Capital Investments LLC now owns 4,212,246 shares of the company’s stock valued at $4,212,000 after buying an additional 4,192,395 shares during the period. Bank of Montreal Can acquired a new position in LyondellBasell Industries during the second quarter valued at $184,074,000. Janus Capital Management LLC boosted its position in LyondellBasell Industries by 7.4% in the second quarter. Janus Capital Management LLC now owns 12,232,383 shares of the company’s stock valued at $910,334,000 after buying an additional 844,373 shares during the period. Iridian Asset Management LLC CT boosted its position in LyondellBasell Industries by 23.2% in the second quarter. Iridian Asset Management LLC CT now owns 4,054,132 shares of the company’s stock valued at $301,709,000 after buying an additional 762,920 shares during the period. Finally, BlackRock Institutional Trust Company N.A. boosted its position in LyondellBasell Industries by 6.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,262,230 shares of the company’s stock valued at $763,715,000 after buying an additional 630,125 shares during the period. Institutional investors and hedge funds own 70.92% of the company’s stock.
LyondellBasell Industries (NYSE:LYB) traded down 2.17% during mid-day trading on Tuesday, reaching $83.72. The company had a trading volume of 4,271,166 shares. The stock has a 50-day moving average of $81.45 and a 200 day moving average of $79.07. The company has a market capitalization of $34.12 billion, a price-to-earnings ratio of 9.31 and a beta of 1.13. LyondellBasell Industries has a 12-month low of $69.10 and a 12-month high of $97.20.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Tuesday, November 1st. The company reported $2.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.32 by $0.01. LyondellBasell Industries had a net margin of 13.57% and a return on equity of 64.02%. The company earned $7.37 billion during the quarter, compared to the consensus estimate of $7.48 billion. During the same quarter in the prior year, the business earned $2.80 EPS. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. On average, analysts expect that LyondellBasell Industries will post $9.46 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Tuesday, November 29th will be given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.06%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, November 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 37.74%.
LYB has been the topic of a number of recent research reports. Tudor Pickering initiated coverage on LyondellBasell Industries in a research report on Thursday, October 13th. They issued a “buy” rating and a $95.00 target price on the stock. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research report on Wednesday, October 5th. Vetr raised LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 target price on the stock in a research report on Monday, August 1st. Barclays PLC dropped their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. Finally, Susquehanna dropped their target price on LyondellBasell Industries from $100.00 to $96.00 and set a “positive” rating on the stock in a research report on Friday, August 26th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $89.47.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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