LyondellBasell Industries (NYSE:LYB) Shares Acquired by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.6% during the third quarter, Holdings Channel.com reports. The fund owned 39,657 shares of the specialty chemicals company’s stock after acquiring an additional 245 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in LyondellBasell Industries were worth $3,803,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LYB. Capital World Investors raised its position in shares of LyondellBasell Industries by 28.9% during the first 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 during the period. Ilex Capital Partners UK LLP acquired a new stake in LyondellBasell Industries during the 1st quarter worth about $61,327,000. Pacer Advisors Inc. lifted its stake in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares in the last quarter. Ensign Peak Advisors Inc increased its position in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after acquiring an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of LyondellBasell Industries during the second quarter valued at approximately $17,683,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.1 %

Shares of LYB traded down $0.99 during trading hours on Friday, hitting $87.50. 2,086,488 shares of the company were exchanged, compared to its average volume of 1,825,869. The firm’s 50 day moving average is $94.55 and its 200-day moving average is $96.58. 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 has a 52 week low of $87.41 and a 52 week high of $107.02. The company has a market cap of $28.49 billion, a PE ratio of 13.52, a PEG ratio of 1.69 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the company posted $2.44 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.13%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on LYB. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. UBS Group reduced their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Barclays reduced their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.