Kestra Investment Management LLC Makes New Investment in LyondellBasell Industries (NYSE:LYB)

Kestra Investment Management LLC bought a new position in LyondellBasell Industries (NYSE:LYB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,364 shares of the specialty chemicals company’s stock, valued at approximately $323,000.

Other institutional investors have also made changes to their positions in the company. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% during the third 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 in the last quarter. Matrix Trust Co purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $30,000. Blue Trust Inc. increased its holdings 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 during the period. Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries in the third quarter worth approximately $31,000. Finally, Independence Bank of Kentucky boosted its holdings in shares of LyondellBasell Industries by 125.6% during the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 216 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LYB has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Finally, Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One 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 stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Down 1.6 %

Shares of LyondellBasell Industries stock opened at $82.03 on Tuesday. LyondellBasell Industries has a 12-month low of $81.06 and a 12-month high of $107.02. The stock has a market capitalization of $26.64 billion, a P/E ratio of 12.49, a PEG ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a 50 day moving average price of $88.88 and a two-hundred day moving average price of $93.62.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.53%. LyondellBasell Industries’s payout ratio is 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.