Inspire Investing LLC Increases Position in LyondellBasell Industries (NYSE:LYB)

Inspire Investing LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 7.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,024 shares of the specialty chemicals company’s stock after purchasing an additional 290 shares during the period. Inspire Investing LLC’s holdings in LyondellBasell Industries were worth $386,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ritholtz Wealth Management grew its stake in LyondellBasell Industries by 57.1% in the 3rd quarter. Ritholtz Wealth Management now owns 4,002 shares of the specialty chemicals company’s stock valued at $384,000 after acquiring an additional 1,454 shares during the period. Valeo Financial Advisors LLC lifted its holdings in LyondellBasell Industries by 5.6% during the third quarter. Valeo Financial Advisors LLC now owns 5,939 shares of the specialty chemicals company’s stock valued at $570,000 after purchasing an additional 316 shares in the last quarter. Fiduciary Financial Group LLC grew its position in shares of LyondellBasell Industries by 9.6% in the third quarter. Fiduciary Financial Group LLC now owns 3,691 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 323 shares during the period. WealthBridge Investment Counsel Inc. increased its stake in shares of LyondellBasell Industries by 4.1% during the third quarter. WealthBridge Investment Counsel Inc. now owns 34,510 shares of the specialty chemicals company’s stock worth $3,310,000 after purchasing an additional 1,350 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $30,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on LYB shares. Barclays cut their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Wells Fargo & Company dropped their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, Royal Bank of Canada decreased their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.33.

LyondellBasell Industries Trading Down 0.1 %

Shares of LYB opened at $91.49 on Friday. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The firm has a market capitalization of $29.79 billion, a P/E ratio of 14.14, a P/E/G ratio of 1.32 and a beta of 1.07. The firm has a 50-day moving average price of $95.33 and a 200 day moving average price of $97.12. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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. The business had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.44 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 7.8 EPS for the current 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 given a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.86%. LyondellBasell Industries’s dividend 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.