AlphaCrest Capital Management LLC Increases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

AlphaCrest Capital Management LLC lifted its stake in LyondellBasell Industries (NYSE:LYBGet Rating) by 123.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 20,328 shares of the specialty chemicals company’s stock after purchasing an additional 11,243 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in LyondellBasell Industries were worth $1,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. City State Bank grew its holdings in LyondellBasell Industries by 6.2% during the 1st quarter. City State Bank now owns 1,705 shares of the specialty chemicals company’s stock valued at $175,000 after buying an additional 100 shares in the last quarter. Blair William & Co. IL raised its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after buying an additional 107 shares in the last quarter. Covestor Ltd lifted its holdings in shares of LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 113 shares during the last quarter. Quent Capital LLC increased its stake in LyondellBasell Industries by 23.4% during the first quarter. Quent Capital LLC now owns 602 shares of the specialty chemicals company’s stock worth $62,000 after acquiring an additional 114 shares during the last quarter. Finally, Sandy Spring Bank raised its position in LyondellBasell Industries by 1.2% during the second quarter. Sandy Spring Bank now owns 9,518 shares of the specialty chemicals company’s stock valued at $832,000 after purchasing an additional 115 shares during the period. 70.07% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Performance

LYB opened at $88.09 on Thursday. The firm’s 50-day moving average price is $79.72 and its 200-day moving average price is $88.61. The company has a market cap of $28.68 billion, a P/E ratio of 6.82, a price-to-earnings-growth ratio of 0.88 and a beta of 1.21. The company has a quick ratio of 0.94, a current ratio of 1.61 and a debt-to-equity ratio of 0.86. LyondellBasell Industries has a 52-week low of $71.46 and a 52-week high of $117.22.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 5th. Investors of record on Monday, November 28th will be paid a $1.19 dividend. The ex-dividend date of this dividend is Friday, November 25th. This represents a $4.76 dividend on an annualized basis and a yield of 5.40%. LyondellBasell Industries’s dividend payout ratio (DPR) is 36.87%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research note on Monday, November 14th. Barclays lowered LyondellBasell Industries from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $95.00 to $82.00 in a research report on Monday, October 31st. Piper Sandler dropped their price target on LyondellBasell Industries from $98.00 to $95.00 and set a “neutral” rating on the stock in a research report on Monday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $95.00 to $92.00 and set a “hold” rating for the company in a report on Wednesday, September 14th. Finally, The Goldman Sachs Group started coverage on shares of LyondellBasell Industries in a report on Thursday, October 13th. They set a “sell” rating and a $80.00 target price on the stock. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $93.00.

LyondellBasell Industries Company Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries (NYSE:LYBGet Rating).

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.