Captrust Financial Advisors Raises Stake in LyondellBasell Industries (NYSE:LYB)

Captrust Financial Advisors lifted its position in shares of LyondellBasell Industries (NYSE:LYB) by 4.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 135,346 shares of the specialty chemicals company’s stock after buying an additional 6,074 shares during the quarter. Captrust Financial Advisors’ holdings in LyondellBasell Industries were worth $12,980,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Martingale Asset Management L P boosted its stake in LyondellBasell Industries by 93.2% in the 3rd quarter. Martingale Asset Management L P now owns 45,718 shares of the specialty chemicals company’s stock worth $4,384,000 after buying an additional 22,057 shares during the last quarter. Public Sector Pension Investment Board boosted its position in shares of LyondellBasell Industries by 19.0% in the third quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock worth $1,082,000 after acquiring an additional 1,800 shares during the last quarter. Providence Capital Advisors LLC grew its holdings in LyondellBasell Industries by 0.7% in the third quarter. Providence Capital Advisors LLC now owns 35,742 shares of the specialty chemicals company’s stock valued at $3,428,000 after purchasing an additional 234 shares during the period. CreativeOne Wealth LLC increased its position in LyondellBasell Industries by 39.7% during the third quarter. CreativeOne Wealth LLC now owns 15,562 shares of the specialty chemicals company’s stock worth $1,492,000 after purchasing an additional 4,421 shares during the last quarter. Finally, Glenmede Trust Co. NA raised its stake in LyondellBasell Industries by 3.8% during the third quarter. Glenmede Trust Co. NA now owns 11,628 shares of the specialty chemicals company’s stock worth $1,115,000 after purchasing an additional 423 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $83.34 on Monday. The firm has a fifty day simple moving average of $88.88 and a 200-day simple moving average of $93.62. The company has a market capitalization of $27.07 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. LyondellBasell Industries has a twelve month low of $81.45 and a twelve 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.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The firm’s revenue was down 2.8% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Wall Street Analyst Weigh In

LYB has been the subject of several research reports. Mizuho lowered their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $101.70.

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.