EverSource Wealth Advisors LLC Purchases 298 Shares of LyondellBasell Industries (NYSE:LYB)

EverSource Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries (NYSE:LYBGet Rating) by 81.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 664 shares of the specialty chemicals company’s stock after purchasing an additional 298 shares during the period. EverSource Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $68,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. WealthBridge Investment Counsel Inc. raised its position in LyondellBasell Industries by 0.4% in the first quarter. WealthBridge Investment Counsel Inc. now owns 25,930 shares of the specialty chemicals company’s stock worth $2,666,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System raised its position in LyondellBasell Industries by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 16,600 shares of the specialty chemicals company’s stock worth $1,845,000 after acquiring an additional 100 shares during the period. SPC Financial Inc. raised its position in shares of LyondellBasell Industries by 2.1% in the first quarter. SPC Financial Inc. now owns 4,800 shares of the specialty chemicals company’s stock valued at $494,000 after purchasing an additional 100 shares during the period. Blair William & Co. IL raised its position in shares of LyondellBasell Industries by 1.0% in the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after purchasing an additional 107 shares during the period. Finally, Gilbert & Cook Inc. raised its position in shares of LyondellBasell Industries by 3.6% in the first quarter. Gilbert & Cook Inc. now owns 3,225 shares of the specialty chemicals company’s stock valued at $332,000 after purchasing an additional 112 shares during the period. 70.07% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $77.15 on Friday. LyondellBasell Industries has a one year low of $75.90 and a one year high of $117.22. The company’s 50-day moving average is $86.04 and its 200 day moving average is $96.84. The company has a market capitalization of $25.17 billion, a price-to-earnings ratio of 4.70, a price-to-earnings-growth ratio of 0.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.68.

LyondellBasell Industries (NYSE:LYBGet Rating) last announced its quarterly earnings data on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, beating the consensus estimate of $4.91 by $0.28. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $13.70 billion. LyondellBasell Industries had a net margin of 10.19% and a return on equity of 49.41%. LyondellBasell Industries’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same period in the prior year, the firm posted $6.13 EPS. Sell-side analysts expect that LyondellBasell Industries will post 16.25 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 29th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Friday, August 26th. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.13. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 29.01%.

Analysts Set New Price Targets

Several equities analysts recently commented on LYB shares. Bank of America reduced their price objective on shares of LyondellBasell Industries from $109.00 to $100.00 and set an “underperform” rating for the company in a research note on Tuesday, June 14th. Credit Suisse Group started coverage on shares of LyondellBasell Industries in a research note on Monday, June 27th. They set an “underperform” rating and a $70.00 price objective for the company. Barclays reduced their price objective on shares of LyondellBasell Industries from $110.00 to $102.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. JPMorgan Chase & Co. cut shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $115.00 to $80.00 in a research note on Friday, September 2nd. Finally, Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $99.00 to $97.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $101.95.

About LyondellBasell Industries

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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.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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