LyondellBasell Industries (NYSE:LYB) Stake Reduced by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 277,106 shares of the specialty chemicals company’s stock after selling 2,026 shares during the quarter. Marathon Asset Management Ltd owned about 0.09% of LyondellBasell Industries worth $26,574,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in LyondellBasell Industries in the 4th quarter valued at approximately $214,000. Quadrature Capital Ltd bought a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $691,000. HighPoint Advisor Group LLC bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at approximately $449,000. Nomura Holdings Inc. acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $491,000. Finally, Massmutual Trust Co. FSB ADV lifted its position in LyondellBasell Industries by 32.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 553 shares of the specialty chemicals company’s stock worth $57,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.4 %

Shares of NYSE:LYB opened at $91.55 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The stock’s 50-day moving average is $95.44 and its 200-day moving average is $97.20. The company has a market cap of $29.81 billion, a P/E ratio of 14.15, a P/E/G ratio of 1.32 and a beta of 1.07. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 EPS. Equities research analysts predict that LyondellBasell Industries will post 7.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.85%. LyondellBasell Industries’s payout ratio is 82.84%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LYB shares. UBS Group cut their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Barclays dropped their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $106.40.

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.