Csenge Advisory Group Sells 1,790 Shares of LyondellBasell Industries (NYSE:LYB)

Csenge Advisory Group decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,388 shares of the specialty chemicals company’s stock after selling 1,790 shares during the quarter. Csenge Advisory Group’s holdings in LyondellBasell Industries were worth $611,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Capital World Investors bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth approximately $197,305,000. Norges Bank bought a new stake in LyondellBasell Industries during the fourth quarter worth $82,854,000. Ilex Capital Partners UK LLP acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $61,327,000. Allianz Asset Management GmbH raised its holdings in shares of LyondellBasell Industries by 826.1% during the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock worth $38,911,000 after buying an additional 365,050 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on LYB. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday. UBS Group decreased their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Royal Bank of Canada boosted their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. BMO Capital Markets increased their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Finally, Mizuho upped their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $107.55.

LyondellBasell Industries Stock Up 1.4 %

Shares of NYSE:LYB opened at $96.20 on Friday. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 14.87, a PEG ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The firm has a fifty day moving average price of $95.76 and a two-hundred day moving average price of $98.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the company earned $2.44 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts anticipate that LyondellBasell Industries will post 8.3 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a $1.34 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

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.