Jump Financial LLC Takes Position in LyondellBasell Industries (NYSE:LYB)

Jump Financial LLC bought a new stake in LyondellBasell Industries (NYSE:LYBFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,952 shares of the specialty chemicals company’s stock, valued at approximately $374,000.

Several other large investors have also recently bought and sold shares of the business. FSC Wealth Advisors LLC purchased a new position in shares of LyondellBasell Industries during the third quarter worth about $26,000. Intrepid Capital Management Inc. purchased a new position in shares of LyondellBasell Industries during the second quarter worth about $26,000. Compass Wealth Management LLC purchased a new position in shares of LyondellBasell Industries during the fourth quarter worth about $25,000. Steward Financial Group LLC grew its holdings in shares of LyondellBasell Industries by 77.1% during the second quarter. Steward Financial Group LLC now owns 317 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 138 shares during the last quarter. Finally, Ossiam purchased a new position in shares of LyondellBasell Industries during the second quarter worth about $30,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $96.51 on Tuesday. The firm has a 50 day moving average of $94.72 and a 200-day moving average of $95.23. LyondellBasell Industries has a 12-month low of $81.24 and a 12-month high of $102.04. The company has a current ratio of 1.85, a quick ratio of 1.18 and a debt-to-equity ratio of 0.80. The company has a market cap of $31.30 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 1.15 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same quarter in the previous year, the business posted $1.29 earnings per share. LyondellBasell Industries’s revenue was down 6.6% on a year-over-year basis. As a group, equities analysts expect that LyondellBasell Industries will post 8.86 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 27th were paid a dividend of $1.25 per share. The ex-dividend date was Friday, November 24th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.18%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a report on Monday, February 5th. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $95.00 to $100.00 in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Wednesday, January 10th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Citigroup downgraded shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $105.00 to $98.00 in a research note on Wednesday, December 13th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.92.

View Our Latest Research Report on LYB

LyondellBasell Industries Company Profile

(Free Report)

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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