Rossmore Private Capital Acquires 1,000 Shares of LyondellBasell Industries (NYSE:LYB)

Rossmore Private Capital grew its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 30.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,300 shares of the specialty chemicals company’s stock after acquiring an additional 1,000 shares during the period. Rossmore Private Capital’s holdings in LyondellBasell Industries were worth $412,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. CVA Family Office LLC raised its stake in LyondellBasell Industries by 155.9% during 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 last quarter. Beacon Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth $28,000. Blue Trust Inc. raised its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries during the third quarter worth $30,000. Finally, Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries during the third quarter worth $31,000. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. 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 report on Monday, November 4th. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Barclays reduced their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Mizuho reduced their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Down 1.6 %

Shares of NYSE LYB opened at $83.63 on Wednesday. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The stock has a market capitalization of $27.16 billion, a P/E ratio of 12.73, a P/E/G ratio of 2.37 and a beta of 1.08. The company has a 50-day moving average price of $91.81 and a 200-day moving average price of $95.24. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

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

LyondellBasell Industries Announces Dividend

The company also recently declared 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. This represents a $5.36 annualized dividend and a yield of 6.41%. The ex-dividend date of this dividend was Monday, August 26th. 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.