Carillon Tower Advisers Inc. Acquires Shares of 48,400 LyondellBasell Industries NV (LYB)
Carillon Tower Advisers Inc. acquired a new position in shares of LyondellBasell Industries NV (NYSE:LYB) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,400 shares of the specialty chemicals company’s stock, valued at approximately $5,316,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank grew its holdings in LyondellBasell Industries by 3.2% in the second quarter. Swiss National Bank now owns 1,109,374 shares of the specialty chemicals company’s stock worth $121,865,000 after purchasing an additional 34,600 shares during the period. Kwmg LLC grew its holdings in LyondellBasell Industries by 3.8% in the second quarter. Kwmg LLC now owns 21,838 shares of the specialty chemicals company’s stock worth $2,399,000 after purchasing an additional 809 shares during the period. Parkwood LLC grew its holdings in LyondellBasell Industries by 46.9% in the second quarter. Parkwood LLC now owns 4,437 shares of the specialty chemicals company’s stock worth $487,000 after purchasing an additional 1,416 shares during the period. 10 15 Associates Inc. acquired a new stake in LyondellBasell Industries in the second quarter worth $10,616,000. Finally, Todd Asset Management LLC grew its holdings in LyondellBasell Industries by 1.2% in the second quarter. Todd Asset Management LLC now owns 188,347 shares of the specialty chemicals company’s stock worth $20,690,000 after purchasing an additional 2,268 shares during the period. Institutional investors own 72.71% of the company’s stock.
LYB has been the subject of a number of research reports. MED restated a “buy” rating and issued a $140.00 price target on shares of LyondellBasell Industries in a report on Monday, May 7th. Barclays restated a “buy” rating and issued a $135.00 price target on shares of LyondellBasell Industries in a report on Sunday, May 20th. Jefferies Financial Group upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their price target for the stock from $78.01 to $121.95 in a report on Wednesday, May 16th. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Monday, July 2nd. Finally, Citigroup restated a “buy” rating and issued a $122.00 price target on shares of LyondellBasell Industries in a report on Tuesday, July 10th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $118.57.
LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.44. The firm had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. research analysts anticipate that LyondellBasell Industries NV will post 11.88 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Tuesday, September 4th. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.
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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