Private Advisor Group LLC Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Private Advisor Group LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,326 shares of the specialty chemicals company’s stock after purchasing an additional 1,615 shares during the period. Private Advisor Group LLC’s holdings in LyondellBasell Industries were worth $1,275,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Gryphon Financial Partners LLC grew its holdings in LyondellBasell Industries by 11.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 18,606 shares of the specialty chemicals company’s stock valued at $1,767,000 after buying an additional 1,956 shares in the last quarter. Jump Financial LLC raised its stake in LyondellBasell Industries by 137.7% during the fourth quarter. Jump Financial LLC now owns 9,393 shares of the specialty chemicals company’s stock worth $893,000 after purchasing an additional 5,441 shares during the period. Avantax Advisory Services Inc. boosted its holdings in LyondellBasell Industries by 183.2% in the 4th quarter. Avantax Advisory Services Inc. now owns 16,943 shares of the specialty chemicals company’s stock valued at $1,611,000 after purchasing an additional 10,961 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of LyondellBasell Industries by 13.1% in the 4th quarter. Quadrant Capital Group LLC now owns 2,895 shares of the specialty chemicals company’s stock valued at $275,000 after buying an additional 335 shares during the period. Finally, Beacon Pointe Advisors LLC raised its position in shares of LyondellBasell Industries by 153.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 34,219 shares of the specialty chemicals company’s stock valued at $3,253,000 after buying an additional 20,716 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LYB shares. UBS Group lowered their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $107.27.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $93.18 on Friday. The stock’s 50-day moving average is $96.17 and its two-hundred day moving average is $98.20. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market cap of $30.34 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter last year, the company earned $2.44 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries will post 8 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.75%. LyondellBasell Industries’s payout ratio is currently 82.84%.

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.