LyondellBasell Industries (NYSE:LYB) Shares Bought by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 5.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,698 shares of the specialty chemicals company’s stock after acquiring an additional 285 shares during the period. Keudell Morrison Wealth Management’s holdings in LyondellBasell Industries were worth $546,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Olympiad Research LP purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $269,000. Principal Financial Group Inc. raised its stake in shares of LyondellBasell Industries by 6.3% during the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock worth $29,489,000 after buying an additional 18,311 shares during the last quarter. Woodmont Investment Counsel LLC raised its stake in LyondellBasell Industries by 5.3% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 67,367 shares of the specialty chemicals company’s stock valued at $6,460,000 after purchasing an additional 3,408 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in LyondellBasell Industries by 20.6% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 22,824 shares of the specialty chemicals company’s stock valued at $2,189,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Centennial Wealth Advisory LLC increased its stake in shares of LyondellBasell Industries by 5.2% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 4,181 shares of the specialty chemicals company’s stock valued at $401,000 after acquiring an additional 207 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 0.5 %

LYB traded up $0.43 during midday trading on Thursday, hitting $86.86. 323,400 shares of the company were exchanged, compared to its average volume of 1,853,540. The firm has a market capitalization of $28.21 billion, a P/E ratio of 13.16, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm’s 50 day moving average price is $92.81 and its 200-day moving average price is $95.71. LyondellBasell Industries has a 1-year low of $83.36 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, equities analysts forecast that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company 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. This represents a $5.36 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 81.58%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LYB. 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. Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho dropped their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $100.56.

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.