Stiles Financial Services Inc Has $497,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Stiles Financial Services Inc lifted its stake in LyondellBasell Industries (NYSE:LYB) by 117.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,177 shares of the specialty chemicals company’s stock after purchasing an additional 2,800 shares during the quarter. Stiles Financial Services Inc’s holdings in LyondellBasell Industries were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LYB. CVA Family Office LLC boosted its holdings in shares of 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 buying an additional 159 shares during the period. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC purchased a new position in LyondellBasell Industries during the 1st quarter worth approximately $28,000. Blue Trust Inc. raised its stake in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the period. Finally, Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at $30,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LYB shares. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Barclays cut their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $100.56.

LyondellBasell Industries Stock Down 0.9 %

LYB stock opened at $86.57 on Friday. The firm has a market cap of $28.11 billion, a PE ratio of 13.29, a PEG ratio of 1.63 and a beta of 1.08. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The company has a fifty day simple moving average of $92.81 and a 200 day simple moving average of $95.71. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared 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. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.19%. LyondellBasell Industries’s dividend payout ratio (DPR) 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.