LyondellBasell Industries (NYSE:LYB) Shares Purchased by 1834 Investment Advisors Co.

1834 Investment Advisors Co. boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 10.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,137 shares of the specialty chemicals company’s stock after buying an additional 1,707 shares during the period. 1834 Investment Advisors Co.’s holdings in LyondellBasell Industries were worth $1,739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the period. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries during the 1st quarter worth approximately $27,000. Beacon Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at approximately $28,000. Matrix Trust Co acquired a new position in LyondellBasell Industries during the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. grew its stake in 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 buying an additional 227 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.4 %

Shares of LyondellBasell Industries stock opened at $85.37 on Wednesday. The business has a 50-day moving average price of $93.04 and a 200 day moving average price of $95.77. LyondellBasell Industries has a fifty-two week low of $83.36 and a fifty-two week high of $107.02. The firm has a market cap of $27.75 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.64 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.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 firm had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.28%. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

Analyst Ratings Changes

LYB has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, Mizuho decreased their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.