Moors & Cabot Inc. Acquires 473 Shares of LyondellBasell Industries (NYSE:LYB)

Moors & Cabot Inc. boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 16.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,304 shares of the specialty chemicals company’s stock after purchasing an additional 473 shares during the quarter. Moors & Cabot Inc.’s holdings in LyondellBasell Industries were worth $317,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Pacer Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 13.6% during 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 purchasing an additional 579,300 shares during the period. Dimensional Fund Advisors LP raised its position in shares of LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in LyondellBasell Industries by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Raymond James & Associates raised its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of LyondellBasell Industries by 15.4% during the 2nd quarter. AQR Capital Management LLC now owns 907,512 shares of the specialty chemicals company’s stock valued at $86,813,000 after buying an additional 120,857 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Mizuho lowered their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Barclays lowered their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Piper Sandler reduced their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. 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 report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $101.70.

LyondellBasell Industries Price Performance

LYB stock opened at $83.87 on Friday. The company’s 50-day moving average price is $90.03 and its two-hundred day moving average price is $94.31. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12 month low of $81.45 and a 12 month high of $107.02. The firm has a market cap of $27.24 billion, a P/E ratio of 12.77, a P/E/G ratio of 2.31 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results 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 company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. 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 business posted $2.46 earnings per share. On average, analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.39%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 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.