Centiva Capital LP Has $1.90 Million Stake in LyondellBasell Industries (NYSE:LYB)

Centiva Capital LP boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 741.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,812 shares of the specialty chemicals company’s stock after buying an additional 17,458 shares during the quarter. Centiva Capital LP’s holdings in LyondellBasell Industries were worth $1,900,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CVA Family Office LLC lifted its holdings in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the period. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares in the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the third quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new stake in LyondellBasell Industries in the third quarter worth approximately $31,000. Finally, Independence Bank of Kentucky lifted its stake in LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 216 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on LYB shares. Mizuho reduced their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $80.78 on Wednesday. The company has a fifty day moving average price of $88.34 and a 200-day moving average price of $93.35. The firm has a market cap of $26.23 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.29 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1 year low of $80.62 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the business posted $2.46 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $1.34 dividend. The ex-dividend date is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.64%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

LyondellBasell Industries Company 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.