Benjamin F. Edwards & Company Inc. Buys 6,425 Shares of LyondellBasell Industries (NYSE:LYB)

Benjamin F. Edwards & Company Inc. raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 18.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,930 shares of the specialty chemicals company’s stock after acquiring an additional 6,425 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in LyondellBasell Industries were worth $3,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors bought a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $197,305,000. Norges Bank bought a new stake in LyondellBasell Industries in the 4th quarter valued at about $82,854,000. Ilex Capital Partners UK LLP bought a new stake in LyondellBasell Industries in the 1st quarter valued at about $61,327,000. Allianz Asset Management GmbH increased its holdings in shares of LyondellBasell Industries by 826.1% during the fourth quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock worth $38,911,000 after purchasing an additional 365,050 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of LyondellBasell Industries by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after buying an additional 290,401 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on LYB shares. Wells Fargo & Company reduced their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group cut their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft upped their price target 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Stock Down 2.1 %

Shares of NYSE:LYB opened at $94.04 on Friday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a market capitalization of $30.62 billion, a PE ratio of 14.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The company has a fifty day moving average of $96.23 and a 200-day moving average of $98.00.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 82.84%.

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.