LyondellBasell Industries (NYSE:LYB) Stock Holdings Lifted by Raymond James & Associates

Raymond James & Associates boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 912,538 shares of the specialty chemicals company’s stock after acquiring an additional 3,394 shares during the quarter. Raymond James & Associates’ holdings in LyondellBasell Industries were worth $87,512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norden Group LLC bought a new stake in LyondellBasell Industries in the first quarter worth $3,686,000. Sound Income Strategies LLC boosted its position in shares of LyondellBasell Industries by 9.3% during the 1st quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock valued at $22,679,000 after acquiring an additional 18,901 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock valued at $26,512,000 after acquiring an additional 21,809 shares during the period. Banco Santander S.A. bought a new position in LyondellBasell Industries during the first quarter worth about $3,607,000. Finally, Foresight Capital Management Advisors Inc. acquired a new stake in LyondellBasell Industries during the second quarter valued at approximately $1,416,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LYB shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Barclays reduced their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. UBS Group decreased their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $106.33.

LyondellBasell Industries Trading Down 0.1 %

LyondellBasell Industries stock opened at $91.49 on Monday. The company has a market capitalization of $29.79 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month high of $107.02. The business’s fifty day simple moving average is $95.33 and its two-hundred day simple moving average is $97.01.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 earnings per share. As a group, equities analysts predict that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.86%. LyondellBasell Industries’s payout ratio is 82.84%.

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.