16,241 LyondellBasell Industries N.V. $LYB Shares Purchased by HBW Advisory Services LLC

HBW Advisory Services LLC lifted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 51.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,504 shares of the specialty chemicals company’s stock after purchasing an additional 16,241 shares during the period. HBW Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,730,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LYB. BlackRock Inc. raised its position in LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after purchasing an additional 4,185,571 shares during the last quarter. State Street Corp grew its position in shares of LyondellBasell Industries by 9.1% in the 2nd quarter. State Street Corp now owns 14,734,948 shares of the specialty chemicals company’s stock valued at $775,795,000 after buying an additional 1,225,833 shares during the last quarter. Royal Bank of Canada increased its stake in shares of LyondellBasell Industries by 23.0% in the first quarter. Royal Bank of Canada now owns 3,534,647 shares of the specialty chemicals company’s stock valued at $284,750,000 after buying an additional 660,340 shares during the period. Bank of New York Mellon Corp increased its stake in shares of LyondellBasell Industries by 16.6% in the first quarter. Bank of New York Mellon Corp now owns 1,848,621 shares of the specialty chemicals company’s stock valued at $148,925,000 after buying an additional 262,979 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of LyondellBasell Industries by 46.7% in the first quarter. Bank of America Corp DE now owns 1,547,735 shares of the specialty chemicals company’s stock valued at $124,686,000 after buying an additional 492,753 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $61.16 on Thursday. The business has a 50-day simple moving average of $62.34 and a two-hundred day simple moving average of $64.86. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a market capitalization of $19.76 billion, a P/E ratio of -54.12, a price-to-earnings-growth ratio of 0.16 and a beta of 0.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. Research analysts expect that LyondellBasell Industries N.V. will post 9.19 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is -244.25%.

Analyst Ratings Changes

A number of equities analysts recently commented on LYB shares. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Barclays initiated coverage on shares of LyondellBasell Industries in a research report on Tuesday. They set an “equal weight” rating and a $66.00 target price for the company. Alembic Global Advisors lowered their price target on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Citigroup restated a “neutral” rating and issued a $63.00 price target (down from $72.00) on shares of LyondellBasell Industries in a research report on Wednesday, September 30th. Finally, Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $72.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $71.50.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.