Advisors Asset Management Inc. Purchases 2,848 Shares of LyondellBasell Industries (NYSE:LYB)

Advisors Asset Management Inc. grew its position in LyondellBasell Industries (NYSE:LYB) by 13.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,307 shares of the specialty chemicals company’s stock after buying an additional 2,848 shares during the period. Advisors Asset Management Inc.’s holdings in LyondellBasell Industries were worth $2,331,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Pacer Advisors Inc. increased its holdings in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after buying an additional 170,464 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after buying an additional 6,760 shares during the period. Raymond James & Associates increased its position in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after acquiring an additional 3,394 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of LyondellBasell Industries by 15.4% during the second quarter. AQR Capital Management LLC now owns 907,512 shares of the specialty chemicals company’s stock worth $86,813,000 after acquiring an additional 120,857 shares during the period. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on LYB shares. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Barclays decreased 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 note on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $101.70.

LyondellBasell Industries Trading Up 1.3 %

Shares of NYSE:LYB opened at $83.87 on Friday. LyondellBasell Industries has a 12-month low of $81.45 and a 12-month high of $107.02. The business has a 50 day moving average of $90.03 and a 200-day moving average of $94.31. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a market cap of $27.24 billion, a PE ratio of 12.77, a P/E/G ratio of 2.31 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm earned $2.46 earnings per share. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.39%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

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.