Fifth Third Bancorp Has $1.81 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Fifth Third Bancorp lifted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 29.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 31,193 shares of the specialty chemicals company’s stock after purchasing an additional 7,059 shares during the period. Fifth Third Bancorp’s holdings in LyondellBasell Industries were worth $1,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in LyondellBasell Industries by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after acquiring an additional 657,443 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after purchasing an additional 606,234 shares during the period. Federated Hermes Inc. grew its stake in shares of LyondellBasell Industries by 12.7% in the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock worth $333,994,000 after purchasing an additional 534,456 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in LyondellBasell Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock valued at $316,113,000 after purchasing an additional 509,996 shares during the period. Finally, Alliancebernstein L.P. increased its holdings in LyondellBasell Industries by 15.7% in the first quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company’s stock valued at $289,014,000 after purchasing an additional 557,397 shares during the period. Institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

LYB has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Citigroup decreased their target price on shares of LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Mizuho raised their price target on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Bank Of America (Bofa) reduced their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Finally, Royal Bank Of Canada lowered their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $64.00.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $49.48 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average price is $54.98 and its 200-day moving average price is $58.81. The firm has a market capitalization of $15.92 billion, a P/E ratio of 64.26 and a beta of 0.85. LyondellBasell Industries N.V. has a 1-year low of $47.55 and a 1-year high of $97.60.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $2.24 earnings per share. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

LyondellBasell Industries 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.