LyondellBasell Industries (NYSE:LYB) Shares Acquired by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,367 shares of the specialty chemicals company’s stock after buying an additional 3,408 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in LyondellBasell Industries were worth $6,460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. CVA Family Office LLC boosted its holdings in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in LyondellBasell Industries in the first quarter valued at approximately $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth approximately $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $30,000. Finally, Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 1.3 %

LYB opened at $86.44 on Thursday. 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 has a market cap of $28.07 billion, a P/E ratio of 13.16, a PEG ratio of 1.63 and a beta of 1.08. LyondellBasell Industries has a 52 week low of $83.36 and a 52 week high of $107.02. The business’s fifty day simple moving average is $92.81 and its 200 day simple moving average is $95.71.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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 company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 EPS. As a group, equities research analysts anticipate that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 81.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday. Mizuho cut their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $100.56.

About LyondellBasell Industries

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.