Assetmark Inc. Has $2.53 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Assetmark Inc. raised its stake in LyondellBasell Industries (NYSE:LYB) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,388 shares of the specialty chemicals company’s stock after acquiring an additional 3,863 shares during the period. Assetmark Inc.’s holdings in LyondellBasell Industries were worth $2,531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LYB. Avantax Advisory Services Inc. raised its holdings in LyondellBasell Industries by 4.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,688 shares of the specialty chemicals company’s stock valued at $1,809,000 after acquiring an additional 745 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of LyondellBasell Industries by 237.5% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 81,068 shares of the specialty chemicals company’s stock valued at $8,292,000 after purchasing an additional 57,048 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of LyondellBasell Industries by 8.4% in the 1st 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 purchasing an additional 21,809 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of LyondellBasell Industries by 15.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 312,648 shares of the specialty chemicals company’s stock valued at $31,978,000 after purchasing an additional 42,474 shares during the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in shares of LyondellBasell Industries by 32.0% in the 1st quarter. HBK Sorce Advisory LLC now owns 4,340 shares of the specialty chemicals company’s stock valued at $444,000 after purchasing an additional 1,052 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on LYB shares. Mizuho decreased their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler decreased their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $101.70.

LyondellBasell Industries Trading Down 0.2 %

Shares of LYB stock opened at $83.44 on Thursday. The firm has a market capitalization of $27.10 billion, a P/E ratio of 12.70, a P/E/G ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a twelve month low of $83.02 and a twelve month high of $107.02. The stock’s fifty day simple moving average is $91.81 and its 200 day simple moving average is $95.24. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

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

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.42%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is presently 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.