LyondellBasell Industries (NYSE:LYB) Shares Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 40,543 shares of the specialty chemicals company’s stock after acquiring an additional 1,418 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in LyondellBasell Industries were worth $3,888,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Capital World Investors raised its holdings in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new stake in LyondellBasell Industries in the first quarter valued at $61,327,000. Pacer Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after purchasing an additional 347,877 shares during the period. Finally, WINTON GROUP Ltd purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at about $17,683,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LYB shares. Mizuho lowered their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday. Barclays reduced their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada cut their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $101.11.

LyondellBasell Industries Stock Down 0.5 %

LYB traded down $0.38 during midday trading on Tuesday, hitting $83.81. 143,515 shares of the company’s stock traded hands, compared to its average volume of 1,835,417. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a one year low of $83.40 and a one year high of $107.02. The stock’s fifty day simple moving average is $93.28 and its 200-day simple moving average is $95.88. The company has a market cap of $27.25 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the business earned $2.46 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.40%. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

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.