Verdence Capital Advisors LLC Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Verdence Capital Advisors LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,707 shares of the specialty chemicals company’s stock after purchasing an additional 802 shares during the period. Verdence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYB. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the period. Chilton Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at approximately $27,000. Beacon Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter valued at $28,000. Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the period. Finally, Matrix Trust Co purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at $30,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $85.30 on Friday. LyondellBasell Industries has a 12-month low of $83.36 and a 12-month 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 market cap of $27.70 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.39 and a beta of 1.08. The stock has a 50-day moving average price of $92.32 and a 200-day moving average price of $95.54.

LyondellBasell Industries (NYSE:LYB) last announced its 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). The company had revenue of $10.33 billion for 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 company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. As a group, equities analysts forecast that LyondellBasell Industries will post 7.16 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced 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 was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.28%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LYB shares. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler cut their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $101.70.

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.