Guggenheim Capital LLC grew its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 4.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 679,084 shares of the specialty chemicals company’s stock after buying an additional 30,527 shares during the quarter. Guggenheim Capital LLC owned approximately 0.17% of LyondellBasell Industries worth $74,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently made changes to their positions in the company. Baker Avenue Asset Management LP acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $623,000. Virtue Capital Management LLC acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $864,000. Kemnay Advisory Services Inc. acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $1,310,000. Franklin Resources Inc. lifted its holdings in shares of LyondellBasell Industries by 6.8% during the 4th quarter. Franklin Resources Inc. now owns 940,719 shares of the specialty chemicals company’s stock valued at $103,797,000 after buying an additional 59,942 shares during the last quarter. Finally, Jefferies Group LLC acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $1,945,000. Institutional investors and hedge funds own 75.15% of the company’s stock.
LyondellBasell Industries NV (NYSE LYB) opened at $112.28 on Monday. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $44,300.78, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12. LyondellBasell Industries NV has a 1 year low of $78.01 and a 1 year high of $121.95.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, March 5th will be given a $1.00 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 3.56%. The ex-dividend date is Friday, March 2nd. LyondellBasell Industries’s payout ratio is currently 32.65%.
LYB has been the subject of several research reports. Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Saturday, December 2nd. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, December 18th. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Tuesday, January 9th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $125.00 price objective (up from $110.00) on shares of LyondellBasell Industries in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $108.24.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.