Golden State Equity Partners Has $378,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Golden State Equity Partners lessened its position in LyondellBasell Industries (NYSE:LYB) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,937 shares of the specialty chemicals company’s stock after selling 567 shares during the quarter. Golden State Equity Partners’ holdings in LyondellBasell Industries were worth $378,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its position in shares of LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $28,000. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Finally, Blue Trust Inc. increased its position in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Royal Bank of Canada lowered their price target on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. UBS Group reduced 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, Deutsche Bank Aktiengesellschaft lifted their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $106.33.

LyondellBasell Industries Stock Performance

LYB opened at $87.14 on Thursday. The business has a fifty day simple moving average of $93.98 and a 200 day simple moving average of $96.20. The company has a market capitalization of $28.33 billion, a PE ratio of 12.26, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. LyondellBasell Industries has a 1 year low of $86.74 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.44 EPS. Research analysts expect that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders 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 dividend yield of 6.15%. LyondellBasell Industries’s payout ratio is 75.39%.

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.