Financial Counselors Inc. Decreases Stock Position in LyondellBasell Industries (NYSE:LYB)

Financial Counselors Inc. decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,023 shares of the specialty chemicals company’s stock after selling 507 shares during the period. Financial Counselors Inc.’s holdings in LyondellBasell Industries were worth $386,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC grew its stake in shares of 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 in the last quarter. Blue Trust Inc. boosted its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the last quarter. Matrix Trust Co acquired a new stake in LyondellBasell Industries during the 3rd quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Finally, Independence Bank of Kentucky raised its position in shares of LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LYB. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Mizuho dropped 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 report on Monday, November 4th. Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Piper Sandler cut their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Performance

LYB stock opened at $83.34 on Friday. LyondellBasell Industries has a 1 year low of $81.45 and a 1 year high of $107.02. The stock has a market capitalization of $27.07 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.32 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock’s fifty day moving average is $88.88 and its two-hundred day moving average is $93.67.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the firm earned $2.46 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.43%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s 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.