LyondellBasell Industries (NYSE:LYB) Stock Position Boosted by Private Advisor Group LLC

Private Advisor Group LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 12.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,990 shares of the specialty chemicals company’s stock after buying an additional 1,664 shares during the quarter. Private Advisor Group LLC’s holdings in LyondellBasell Industries were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. CVA Family Office LLC lifted its position 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 worth $25,000 after purchasing an additional 159 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at $27,000. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at $28,000. Blue Trust Inc. boosted its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares in the last quarter. Finally, Matrix Trust Co acquired a new position in LyondellBasell Industries during the third quarter worth about $30,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LYB has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Barclays cut their target price on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Stock Down 0.3 %

LyondellBasell Industries stock opened at $86.85 on Friday. LyondellBasell Industries has a twelve month low of $86.74 and a twelve month high of $107.02. 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 firm has a market cap of $28.23 billion, a PE ratio of 12.22, a P/E/G ratio of 1.69 and a beta of 1.07. The firm’s 50 day moving average price is $93.79 and its two-hundred day moving average price is $96.13.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period last year, the company earned $2.44 earnings per share. LyondellBasell Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, research analysts predict that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.17%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s payout ratio is presently 75.39%.

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.