Providence Capital Advisors LLC Boosts Stock Position in LyondellBasell Industries (NYSE:LYB)

Providence Capital Advisors LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 0.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,742 shares of the specialty chemicals company’s stock after purchasing an additional 234 shares during the quarter. Providence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $3,428,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of LYB. Pacer Advisors Inc. boosted its stake in 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 acquiring an additional 579,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in LyondellBasell Industries by 4.7% in 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 acquiring an additional 362,671 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after acquiring an additional 347,877 shares in the last quarter. WINTON GROUP Ltd acquired a new position in LyondellBasell Industries in the second quarter valued at $17,683,000. Finally, Dimensional Fund Advisors LP boosted its stake in LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock valued at $449,175,000 after acquiring an additional 170,464 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several research analyst reports. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, November 5th. Mizuho decreased their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday, November 4th. Barclays decreased their target price 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. Finally, JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Trading Up 1.1 %

NYSE LYB opened at $83.04 on Thursday. The stock has a market capitalization of $26.97 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.08. LyondellBasell Industries has a 52-week low of $81.45 and a 52-week high of $107.02. The firm has a 50-day moving average price of $89.36 and a 200 day moving average price of $93.92. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.46 earnings per share. Equities research analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.45%. LyondellBasell Industries’s dividend payout ratio is currently 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.