LyondellBasell Industries (NYSE:LYB) Shares Purchased by Lifeworks Advisors LLC

Lifeworks Advisors LLC raised its stake in LyondellBasell Industries (NYSE:LYB) by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,884 shares of the specialty chemicals company’s stock after acquiring an additional 6,436 shares during the period. Lifeworks Advisors LLC’s holdings in LyondellBasell Industries were worth $2,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its holdings in LyondellBasell Industries by 8.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after purchasing an additional 21,809 shares in the last quarter. Banco Santander S.A. purchased a new position in LyondellBasell Industries in the first quarter valued at about $3,607,000. Foresight Capital Management Advisors Inc. purchased a new position in shares of LyondellBasell Industries during the 2nd quarter worth approximately $1,416,000. PGGM Investments increased its stake in shares of LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after purchasing an additional 7,168 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after purchasing an additional 600,554 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LYB shares. Royal Bank of Canada decreased their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday. Piper Sandler cut their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Mizuho cut their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft cut their target price 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, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Down 0.7 %

LYB traded down $0.56 on Thursday, reaching $82.88. 205,269 shares of the company traded hands, compared to its average volume of 1,861,031. The stock’s 50 day moving average price is $91.58 and its 200-day moving average price is $95.15. LyondellBasell Industries has a 52-week low of $82.70 and a 52-week high of $107.02. The company has a market cap of $26.92 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.33 and a beta of 1.08. 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 posted its quarterly earnings data 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). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate 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 company posted $2.46 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS 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 paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 81.58%.

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.