IHT Wealth Management LLC Has $434,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

IHT Wealth Management LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 27.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,530 shares of the specialty chemicals company’s stock after purchasing an additional 985 shares during the period. IHT Wealth Management LLC’s holdings in LyondellBasell Industries were worth $434,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in LYB. Intrepid Capital Management Inc. raised its stake in LyondellBasell Industries by 22.6% during the 3rd quarter. Intrepid Capital Management Inc. now owns 3,700 shares of the specialty chemicals company’s stock worth $355,000 after buying an additional 681 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of LyondellBasell Industries by 10.6% during the third quarter. Integrated Wealth Concepts LLC now owns 7,460 shares of the specialty chemicals company’s stock valued at $715,000 after acquiring an additional 717 shares in the last quarter. Investment Management Corp of Ontario raised its position in shares of LyondellBasell Industries by 20.8% during the third quarter. Investment Management Corp of Ontario now owns 16,249 shares of the specialty chemicals company’s stock worth $1,558,000 after purchasing an additional 2,800 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock worth $123,055,000 after purchasing an additional 871,708 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in LyondellBasell Industries by 18.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company’s stock valued at $99,557,000 after purchasing an additional 159,803 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.3 %

LYB stock opened at $76.39 on Monday. The stock has a fifty day moving average of $87.23 and a 200-day moving average of $92.88. LyondellBasell Industries has a fifty-two week low of $75.98 and a fifty-two week high of $107.02. The company has a market capitalization of $24.81 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 2.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last posted its 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). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities research analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.02%. LyondellBasell Industries’s payout ratio is 81.58%.

Analyst Ratings Changes

LYB has been the topic of several research reports. Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Royal Bank of Canada cut their price target on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research note on Monday, November 4th. Mizuho lowered their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $100.70.

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.