LyondellBasell Industries (NYSE:LYB) Shares Purchased by Old North State Wealth Management LLC

Old North State Wealth Management LLC boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 7.6% in the third quarter, HoldingsChannel.com reports. The fund owned 28,195 shares of the specialty chemicals company’s stock after acquiring an additional 1,998 shares during the quarter. LyondellBasell Industries comprises about 1.5% of Old North State Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Old North State Wealth Management LLC’s holdings in LyondellBasell Industries were worth $2,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. CVA Family Office LLC lifted 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 during the period. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $27,000. Beacon Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter valued at about $28,000. Blue Trust Inc. increased its stake in shares of LyondellBasell Industries by 311.0% in 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 in the last quarter. Finally, Matrix Trust Co purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $30,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 0.3 %

LYB opened at $86.56 on Monday. LyondellBasell Industries has a one year low of $85.64 and a one year high of $107.02. The stock has a market capitalization of $28.14 billion, a PE ratio of 12.17, a P/E/G ratio of 1.64 and a beta of 1.08. The business’s 50 day moving average price is $93.56 and its 200 day moving average price is $95.99. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($0.15). LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the company posted $2.46 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. As a group, equities research analysts expect that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 75.39%.

Analysts Set New Price Targets

LYB has been the subject of several recent analyst reports. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Barclays cut their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Finally, Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $105.89.

LyondellBasell Industries 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.