Olympiad Research LP purchased a new stake in shares of LyondellBasell Industries (NYSE:LYB – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 2,546 shares of the specialty chemicals company’s stock, valued at approximately $234,000.
Several other institutional investors have also made changes to their positions in the company. Cowa LLC boosted its position in LyondellBasell Industries by 19.6% during the second quarter. Cowa LLC now owns 3,173 shares of the specialty chemicals company’s stock worth $291,000 after purchasing an additional 520 shares during the period. Ziegler Capital Management LLC boosted its position in LyondellBasell Industries by 0.9% during the second quarter. Ziegler Capital Management LLC now owns 29,576 shares of the specialty chemicals company’s stock worth $2,716,000 after purchasing an additional 258 shares during the period. OLD National Bancorp IN boosted its position in LyondellBasell Industries by 4.2% during the second quarter. OLD National Bancorp IN now owns 92,319 shares of the specialty chemicals company’s stock worth $8,478,000 after purchasing an additional 3,700 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in LyondellBasell Industries by 27.9% during the second quarter. Robeco Institutional Asset Management B.V. now owns 600,053 shares of the specialty chemicals company’s stock worth $55,103,000 after purchasing an additional 130,901 shares during the period. Finally, OmniStar Financial Group Inc. boosted its position in LyondellBasell Industries by 19.6% during the second quarter. OmniStar Financial Group Inc. now owns 6,059 shares of the specialty chemicals company’s stock worth $556,000 after purchasing an additional 994 shares during the period. 91.41% of the stock is currently owned by institutional investors and hedge funds.
LyondellBasell Industries Price Performance
LyondellBasell Industries stock opened at $90.59 on Friday. The business has a 50 day simple moving average of $97.34 and a 200 day simple moving average of $93.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.81 and a quick ratio of 1.07. The company has a market capitalization of $29.37 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. LyondellBasell Industries has a one year low of $75.24 and a one year high of $102.04.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last issued its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. The company had revenue of $10.31 billion during the quarter, compared to analysts’ expectations of $10.79 billion. During the same period last year, the business earned $5.19 earnings per share. The business’s revenue was down 30.5% on a year-over-year basis. On average, sell-side analysts forecast that LyondellBasell Industries will post 8.26 EPS for the current fiscal year.
LyondellBasell Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, August 25th. This represents a $5.00 dividend on an annualized basis and a yield of 5.52%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.64%.
Insiders Place Their Bets
In other news, major shareholder Ai Investments Holdings Llc sold 483 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $99.61, for a total value of $48,111.63. Following the completion of the transaction, the insider now owns 765,996 shares in the company, valued at $76,300,861.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total transaction of $975,600.00. Following the sale, the executive vice president now owns 49,876 shares of the company’s stock, valued at approximately $4,865,902.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ai Investments Holdings Llc sold 483 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an…
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