16,241 LyondellBasell Industries N.V. $LYB Shares Bought by HBW Advisory Services LLC

HBW Advisory Services LLC boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 51.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 47,504 shares of the specialty chemicals company’s stock after purchasing an additional 16,241 shares during the period. HBW Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,730,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Lipe & Dalton grew its position in shares of LyondellBasell Industries by 1.2% during the 3rd quarter. Lipe & Dalton now owns 41,970 shares of the specialty chemicals company’s stock valued at $2,412,000 after acquiring an additional 500 shares during the period. Mather Group LLC. grew its holdings in LyondellBasell Industries by 431.1% during the third quarter. Mather Group LLC. now owns 9,241 shares of the specialty chemicals company’s stock valued at $531,000 after purchasing an additional 7,501 shares during the period. Fortitude Family Office LLC grew its holdings in LyondellBasell Industries by 221.0% during the third quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 347 shares during the period. Krilogy Financial LLC grew its holdings in LyondellBasell Industries by 15.9% during the third quarter. Krilogy Financial LLC now owns 16,809 shares of the specialty chemicals company’s stock valued at $999,000 after purchasing an additional 2,310 shares during the period. Finally, NorthCrest Asset Manangement LLC increased its position in LyondellBasell Industries by 55.2% in the third quarter. NorthCrest Asset Manangement LLC now owns 16,622 shares of the specialty chemicals company’s stock worth $1,003,000 after buying an additional 5,911 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada cut their price target on LyondellBasell Industries from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. UBS Group cut their price target on LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating for the company in a research note on Friday, September 25th. Alembic Global Advisors decreased their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Finally, KeyCorp assumed coverage on LyondellBasell Industries in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, ten have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $71.50.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $61.16 on Thursday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The firm has a market cap of $19.76 billion, a price-to-earnings ratio of -54.12, a PEG ratio of 0.16 and a beta of 0.30. The business’s fifty day moving average is $62.34 and its 200 day moving average is $64.86.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The firm’s revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Research analysts predict that LyondellBasell Industries N.V. will post 9.19 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were given a dividend of $0.69 per share. The ex-dividend date was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.5%. LyondellBasell Industries’s payout ratio is presently -244.25%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.