66,946 Shares of LyondellBasell Industries N.V. $LYB Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the third quarter, Holdings Channel reports. The fund acquired 66,946 shares of the specialty chemicals company’s stock, valued at approximately $3,847,000.

Several other large investors have also recently modified their holdings of the stock. Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 221.0% during the 3rd quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 347 shares during the period. Kelleher Financial Advisors increased its stake in LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 658 shares during the period. Versant Capital Management Inc lifted its position in LyondellBasell Industries by 148.8% in the second quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 570 shares during the last quarter. Contravisory Investment Management Inc. bought a new stake in LyondellBasell Industries in the second quarter valued at approximately $53,000. Finally, Pinnacle Bancorp Inc. boosted its stake in shares of LyondellBasell Industries by 26.0% during the third quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 199 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 1.3%

Shares of LyondellBasell Industries stock traded down $0.81 during midday trading on Friday, reaching $60.82. 3,065,436 shares of the company’s stock traded hands, compared to its average volume of 3,470,195. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.18 and a current ratio of 1.78. The company has a market cap of $19.66 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 0.17 and a beta of 0.29. The stock has a 50 day moving average of $62.69 and a 200-day moving average of $63.93. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, October 30th. The specialty chemicals company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). The company had revenue of $8.50 billion during the quarter, compared to the consensus estimate of $8.87 billion. LyondellBasell Industries had a net margin of 4.06% and a return on equity of 21.94%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.01 EPS. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 9.08 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 69.70%.

Analysts Set New Price Targets

Several research analysts recently commented on LYB shares. Citigroup lifted their target price on shares of LyondellBasell Industries from $63.00 to $74.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen cut shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. Bank of America reissued an “underperform” rating and issued a $66.00 price target on shares of LyondellBasell Industries in a report on Monday. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday. Finally, Barclays increased their target price on shares of LyondellBasell Industries from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.22.

LyondellBasell Industries Profile

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.