King Luther Capital Management Corp Invests $310,000 in LyondellBasell Industries (NYSE:LYB)

King Luther Capital Management Corp acquired a new position in LyondellBasell Industries (NYSE:LYBGet Rating) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,539 shares of the specialty chemicals company’s stock, valued at approximately $310,000.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of LyondellBasell Industries by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 30,852,225 shares of the specialty chemicals company’s stock worth $3,172,226,000 after acquiring an additional 335,124 shares in the last quarter. State Street Corp increased its position in LyondellBasell Industries by 2.9% in the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company’s stock valued at $1,266,977,000 after buying an additional 348,169 shares in the last quarter. Wellington Management Group LLP increased its position in LyondellBasell Industries by 2.6% in the 1st quarter. Wellington Management Group LLP now owns 10,570,084 shares of the specialty chemicals company’s stock valued at $1,086,816,000 after buying an additional 272,372 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in LyondellBasell Industries by 205.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock valued at $458,010,000 after buying an additional 2,995,335 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in LyondellBasell Industries by 5.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,912,982 shares of the specialty chemicals company’s stock valued at $402,422,000 after buying an additional 214,468 shares in the last quarter. 70.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Piper Sandler decreased their target price on LyondellBasell Industries from $98.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, October 10th. Mizuho lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating and set a $88.00 target price for the company. in a research report on Monday, November 14th. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $95.00 to $92.00 and set a “hold” rating for the company in a research report on Wednesday, September 14th. StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, November 9th. Finally, Royal Bank of Canada decreased their target price on LyondellBasell Industries from $99.00 to $97.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 2nd. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $93.00.

LyondellBasell Industries Stock Up 0.7 %

LYB opened at $88.09 on Thursday. The stock has a market cap of $28.68 billion, a PE ratio of 6.82, a P/E/G 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. The business’s fifty day simple moving average is $79.72 and its 200 day simple moving average is $88.61.

LyondellBasell Industries Announces Dividend

The firm also recently declared 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. This represents a $4.76 dividend on an annualized basis and a yield of 5.40%. The ex-dividend date of this dividend is Friday, November 25th. LyondellBasell Industries’s payout ratio is 36.87%.

About LyondellBasell Industries

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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.

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

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