LyondellBasell Industries (NYSE:LYB) Position Boosted by Busey Bank

Busey Bank increased its holdings in LyondellBasell Industries (NYSE:LYB) by 1.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,257 shares of the specialty chemicals company’s stock after purchasing an additional 607 shares during the quarter. Busey Bank’s holdings in LyondellBasell Industries were worth $6,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LYB. Wealthcare Advisory Partners LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at $325,000. First Bank & Trust lifted its stake in LyondellBasell Industries by 2.1% in the 1st quarter. First Bank & Trust now owns 39,043 shares of the specialty chemicals company’s stock worth $3,993,000 after acquiring an additional 811 shares in the last quarter. Founders Financial Securities LLC acquired a new stake in LyondellBasell Industries during the 1st quarter worth about $371,000. LVW Advisors LLC grew its stake in LyondellBasell Industries by 60.4% during the 1st quarter. LVW Advisors LLC now owns 7,667 shares of the specialty chemicals company’s stock valued at $784,000 after acquiring an additional 2,888 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its holdings in shares of LyondellBasell Industries by 1.4% in the 1st quarter. Aviance Capital Partners LLC now owns 13,126 shares of the specialty chemicals company’s stock valued at $1,343,000 after purchasing an additional 179 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 0.5 %

NYSE LYB opened at $88.46 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock’s 50-day moving average is $94.92 and its 200-day moving average is $96.75. LyondellBasell Industries has a one year low of $87.84 and a one year high of $107.02. The firm has a market cap of $28.80 billion, a P/E ratio of 13.67, a P/E/G ratio of 1.32 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.06%. LyondellBasell Industries’s payout ratio is presently 82.84%.

Analysts Set New Price Targets

Several research analysts have weighed in on LYB shares. Royal Bank of Canada dropped their price objective on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays reduced their price target on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.33.

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.