Captrust Financial Advisors Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Captrust Financial Advisors lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,346 shares of the specialty chemicals company’s stock after acquiring an additional 6,074 shares during the period. Captrust Financial Advisors’ holdings in LyondellBasell Industries were worth $12,980,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of LYB. Rockland Trust Co. increased its stake in LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after purchasing an additional 112 shares during the period. Petredis Investment Advisors LLC increased its position in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after acquiring an additional 116 shares during the period. Verdence Capital Advisors LLC raised its stake in LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after acquiring an additional 120 shares during the last quarter. RDA Financial Network lifted its position in LyondellBasell Industries by 3.9% during the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 122 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LYB shares. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Mizuho reduced their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Up 0.4 %

LYB opened at $83.34 on Monday. LyondellBasell Industries has a one year low of $81.45 and a one year high of $107.02. The company has a market cap of $27.07 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.33 and a beta of 1.08. The business’s fifty day moving average is $88.88 and its two-hundred day moving average is $93.62. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be given a dividend of $1.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.43%. 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.