Atria Wealth Solutions Inc. Raises Stake in LyondellBasell Industries (NYSE:LYB)

Atria Wealth Solutions Inc. raised its stake in LyondellBasell Industries (NYSE:LYBFree Report) by 62.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,812 shares of the specialty chemicals company’s stock after purchasing an additional 4,140 shares during the period. Atria Wealth Solutions Inc.’s holdings in LyondellBasell Industries were worth $1,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in the business. Janney Capital Management LLC increased its holdings in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. Janney Capital Management LLC now owns 130,871 shares of the specialty chemicals company’s stock valued at $12,394,000 after acquiring an additional 882 shares during the last quarter. Heritage Trust Co purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $411,000. Banque Cantonale Vaudoise increased its holdings in shares of LyondellBasell Industries by 3.9% in the 3rd quarter. Banque Cantonale Vaudoise now owns 4,374 shares of the specialty chemicals company’s stock valued at $414,000 after acquiring an additional 166 shares during the last quarter. Torray Investment Partners LLC increased its holdings in shares of LyondellBasell Industries by 4.2% in the 3rd quarter. Torray Investment Partners LLC now owns 33,061 shares of the specialty chemicals company’s stock valued at $3,131,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Amalgamated Bank grew its stake in LyondellBasell Industries by 3.4% during the 3rd quarter. Amalgamated Bank now owns 69,352 shares of the specialty chemicals company’s stock worth $6,568,000 after buying an additional 2,301 shares during the last quarter. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on LYB shares. Bank of America upgraded LyondellBasell Industries from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $99.00 to $107.00 in a research note on Wednesday, October 18th. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $95.00 to $100.00 in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Wednesday, January 10th. Royal Bank of Canada restated an “outperform” rating and set a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Finally, Barclays dropped their price target on LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Monday, February 5th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $100.92.

Read Our Latest Stock Analysis on LYB

LyondellBasell Industries Stock Up 1.2 %

LYB opened at $96.51 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.85 and a quick ratio of 1.18. The business has a 50 day simple moving average of $94.72 and a 200-day simple moving average of $95.23. The stock has a market capitalization of $31.30 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.15 and a beta of 1.18. LyondellBasell Industries has a 12 month low of $81.24 and a 12 month high of $102.04.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries will post 8.86 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 27th were issued a $1.25 dividend. The ex-dividend date of this dividend was Friday, November 24th. This represents a $5.00 annualized dividend and a dividend yield of 5.18%. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

LyondellBasell Industries Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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