BDO Wealth Advisors LLC increased its stake in LyondellBasell Industries NV (NYSE:LYB) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,139 shares of the specialty chemicals company’s stock after purchasing an additional 147 shares during the quarter. BDO Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $178,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC grew its holdings in LyondellBasell Industries by 29.3% during the third quarter. MML Investors Services LLC now owns 10,102 shares of the specialty chemicals company’s stock valued at $1,036,000 after purchasing an additional 2,289 shares during the last quarter. Janus Henderson Group PLC grew its holdings in LyondellBasell Industries by 3.4% during the third quarter. Janus Henderson Group PLC now owns 5,649,960 shares of the specialty chemicals company’s stock valued at $579,177,000 after purchasing an additional 186,039 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in LyondellBasell Industries by 9.6% during the third quarter. Bank of New York Mellon Corp now owns 4,746,054 shares of the specialty chemicals company’s stock valued at $486,518,000 after purchasing an additional 414,462 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in LyondellBasell Industries by 18.5% during the third quarter. PNC Financial Services Group Inc. now owns 506,215 shares of the specialty chemicals company’s stock valued at $51,893,000 after purchasing an additional 78,894 shares during the last quarter. Finally, Atlas Capital Advisors LLC grew its holdings in LyondellBasell Industries by 706.1% during the third quarter. Atlas Capital Advisors LLC now owns 8,101 shares of the specialty chemicals company’s stock valued at $857,000 after purchasing an additional 7,096 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.
LYB opened at $86.96 on Wednesday. LyondellBasell Industries NV has a fifty-two week low of $77.52 and a fifty-two week high of $119.39. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.10 and a current ratio of 1.92. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 0.89 and a beta of 1.10.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.13 by ($0.30). LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $9.22 billion. On average, sell-side analysts anticipate that LyondellBasell Industries NV will post 10.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $4.00 dividend on an annualized basis and a yield of 4.60%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s payout ratio is currently 35.49%.
Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research note on Tuesday, November 20th. They noted that the move was a valuation call. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, February 2nd. restated a “buy” rating and issued a $120.00 price objective on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Cowen restated a “market perform” rating and issued a $100.00 price objective on shares of LyondellBasell Industries in a research note on Wednesday, February 6th. Finally, Zacks Investment Research upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the stock. LyondellBasell Industries presently has a consensus rating of “Buy” and an average target price of $117.00.
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LyondellBasell Industries Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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