CenterBook Partners LP Purchases Shares of 47,104 LyondellBasell Industries N.V. $LYB

CenterBook Partners LP purchased a new stake in LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 47,104 shares of the specialty chemicals company’s stock, valued at approximately $2,725,000.

Several other large investors have also made changes to their positions in LYB. Mufg Securities Americas Inc. lifted its holdings in shares of LyondellBasell Industries by 24.2% during the second quarter. Mufg Securities Americas Inc. now owns 5,698 shares of the specialty chemicals company’s stock worth $330,000 after buying an additional 1,110 shares during the last quarter. Mediolanum International Funds Ltd increased its stake in LyondellBasell Industries by 27.5% in the second quarter. Mediolanum International Funds Ltd now owns 44,031 shares of the specialty chemicals company’s stock valued at $2,583,000 after acquiring an additional 9,493 shares during the period. Neo Ivy Capital Management acquired a new position in LyondellBasell Industries in the second quarter worth about $1,521,000. Swiss National Bank boosted its holdings in LyondellBasell Industries by 6.7% during the second quarter. Swiss National Bank now owns 782,100 shares of the specialty chemicals company’s stock valued at $45,252,000 after purchasing an additional 49,400 shares in the last quarter. Finally, Prudential PLC boosted its holdings in LyondellBasell Industries by 188.6% during the second quarter. Prudential PLC now owns 9,204 shares of the specialty chemicals company’s stock valued at $533,000 after purchasing an additional 6,015 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $44.79 on Friday. The firm’s 50 day moving average price is $47.09 and its two-hundred day moving average price is $54.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $85.25. The stock has a market cap of $14.42 billion, a PE ratio of 58.17 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the company posted $1.88 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 12.2%. The ex-dividend date is Monday, December 1st. LyondellBasell Industries’s payout ratio is presently -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley purchased 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. Mizuho set a $52.00 price objective on shares of LyondellBasell Industries in a research report on Monday, November 3rd. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $56.19.

About LyondellBasell Industries

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.