Stiles Financial Services Inc Has $497,000 Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Stiles Financial Services Inc raised its holdings in LyondellBasell Industries (NYSE:LYB) by 117.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,177 shares of the specialty chemicals company’s stock after acquiring an additional 2,800 shares during the period. Stiles Financial Services Inc’s holdings in LyondellBasell Industries were worth $497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Capital World Investors raised its position in shares of LyondellBasell Industries by 28.9% during 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 buying an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in LyondellBasell Industries in the 1st quarter valued at approximately $61,327,000. Pacer Advisors Inc. lifted its position 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 worth $461,930,000 after acquiring an additional 579,300 shares during the period. 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 in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of LyondellBasell Industries during the second quarter valued at approximately $17,683,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday. Mizuho cut their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $100.56.

LyondellBasell Industries Trading Down 0.9 %

Shares of NYSE LYB opened at $86.57 on Friday. LyondellBasell Industries has a 1-year low of $83.36 and a 1-year high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company has a 50-day moving average of $92.81 and a two-hundred day moving average of $95.71. The company has a market cap of $28.11 billion, a PE ratio of 13.29, a P/E/G ratio of 1.63 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.46 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 7.38 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given 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 yield of 6.19%. 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.