Coldstream Capital Management Inc. Acquires 535 Shares of LyondellBasell Industries (NYSE:LYB)

Coldstream Capital Management Inc. increased its holdings in LyondellBasell Industries (NYSE:LYB) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,092 shares of the specialty chemicals company’s stock after buying an additional 535 shares during the period. Coldstream Capital Management Inc.’s holdings in LyondellBasell Industries were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of LyondellBasell Industries by 13.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,378 shares of the specialty chemicals company’s stock worth $3,289,000 after purchasing an additional 3,957 shares in the last quarter. Blue Trust Inc. raised its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares in the last quarter. Brookstone Capital Management lifted its holdings in shares of LyondellBasell Industries by 126.4% during the 2nd quarter. Brookstone Capital Management now owns 4,487 shares of the specialty chemicals company’s stock worth $443,000 after acquiring an additional 2,505 shares during the period. Gradient Investments LLC boosted its position in shares of LyondellBasell Industries by 6,644.4% during the 2nd quarter. Gradient Investments LLC now owns 1,214 shares of the specialty chemicals company’s stock worth $116,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in LyondellBasell Industries by 9.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 736,049 shares of the specialty chemicals company’s stock valued at $70,410,000 after acquiring an additional 63,514 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Down 0.7 %

NYSE:LYB opened at $75.67 on Friday. 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 $74.92 and a one year high of $107.02. The firm’s 50 day simple moving average is $85.32 and its 200 day simple moving average is $92.16. The company has a market cap of $24.57 billion, a PE ratio of 11.52, a P/E/G ratio of 2.16 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.46 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.08%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent analyst reports. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $97.36.

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.