National Bank of Canada FI Has $15.09 Million Position in LyondellBasell Industries (NYSE:LYB)

National Bank of Canada FI increased its holdings in LyondellBasell Industries (NYSE:LYB) by 59.8% during the third quarter, HoldingsChannel reports. The fund owned 157,330 shares of the specialty chemicals company’s stock after acquiring an additional 58,875 shares during the quarter. National Bank of Canada FI’s holdings in LyondellBasell Industries were worth $15,088,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in LyondellBasell Industries by 1.9% during the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company’s stock worth $1,170,183,000 after purchasing an additional 230,327 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after buying an additional 362,671 shares during the last quarter. Pacer Advisors Inc. grew its holdings in 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 worth $461,930,000 after buying an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP raised its position in 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 buying an additional 170,464 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after acquiring an additional 871,708 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.4 %

NYSE:LYB opened at $77.65 on Wednesday. LyondellBasell Industries has a 1 year low of $75.98 and a 1 year high of $107.02. The stock’s fifty day moving average price is $86.86 and its two-hundred day moving average price is $92.74. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company has a market cap of $25.22 billion, a P/E ratio of 11.82, a P/E/G ratio of 2.13 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly 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 company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the prior year, the company earned $2.46 earnings per share. The company’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.90%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on LYB shares. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. Royal Bank of Canada reduced their target price on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Finally, Barclays decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $98.50.

LyondellBasell Industries Company 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.