Foster & Motley Inc. Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

Foster & Motley Inc. lifted its position in LyondellBasell Industries (NYSE:LYB) by 7.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 62,482 shares of the specialty chemicals company’s stock after buying an additional 4,214 shares during the quarter. Foster & Motley Inc.’s holdings in LyondellBasell Industries were worth $5,992,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Pacer Advisors Inc. boosted its holdings in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after acquiring an additional 579,300 shares during the period. Dimensional Fund Advisors LP increased its position in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares in the last quarter. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after purchasing an additional 600,554 shares during the period. Envestnet Asset Management Inc. increased its position in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in LyondellBasell Industries by 0.4% in the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after acquiring an additional 3,394 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group cut their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Finally, Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $100.56.

LyondellBasell Industries Trading Up 2.4 %

Shares of LyondellBasell Industries stock opened at $87.40 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a 50-day moving average of $93.04 and a 200-day moving average of $95.77. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02. The stock has a market cap of $28.41 billion, a PE ratio of 12.99, a PEG ratio of 1.64 and a beta of 1.08.

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

LyondellBasell Industries Dividend Announcement

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 was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.13%. LyondellBasell Industries’s payout ratio is 81.58%.

About LyondellBasell Industries

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.