Centennial Wealth Advisory LLC Increases Stock Position in LyondellBasell Industries (NYSE:LYB)

Centennial Wealth Advisory LLC raised its holdings in LyondellBasell Industries (NYSE:LYB) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,181 shares of the specialty chemicals company’s stock after purchasing an additional 207 shares during the period. Centennial Wealth Advisory LLC’s holdings in LyondellBasell Industries were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 13.6% in 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 buying an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in LyondellBasell Industries by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors increased its position in 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 worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. increased its position in LyondellBasell Industries by 0.6% during the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates increased its position in 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. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday. Royal Bank of Canada reduced their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday. UBS Group reduced their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price objective 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 equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $100.56.

LyondellBasell Industries Stock Up 1.5 %

LYB traded up $1.26 during midday trading on Wednesday, hitting $86.63. 162,019 shares of the company’s stock traded hands, compared to its average volume of 1,843,539. The company has a market cap of $28.16 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The stock’s fifty day simple moving average is $93.04 and its 200-day simple moving average is $95.77. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a one year low of $83.36 and a one year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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). The business 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%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.46 EPS. As a group, equities analysts anticipate that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 81.58%.

LyondellBasell Industries 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.