Soltis Investment Advisors LLC Grows Position in LyondellBasell Industries (NYSE:LYB)

Soltis Investment Advisors LLC raised its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 4.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 35,328 shares of the specialty chemicals company’s stock after purchasing an additional 1,433 shares during the period. Soltis Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $3,388,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. CVA Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the third quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries during the third quarter worth $31,000. Finally, Independence Bank of Kentucky lifted its holdings in shares of LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Royal Bank of Canada reduced their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Mizuho dropped their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $98.50.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $77.65 on Wednesday. The firm has a market capitalization of $25.22 billion, a P/E ratio of 11.82, a PEG ratio of 2.13 and a beta of 1.05. The stock has a 50-day simple moving average of $86.86 and a two-hundred day simple moving average of $92.74. 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 has a fifty-two week low of $75.98 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company 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%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. On average, equities analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.90%. LyondellBasell Industries’s dividend payout ratio is presently 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.