Arrow Financial Corp Buys 492 Shares of LyondellBasell Industries (NYSE:LYB)

Arrow Financial Corp increased its stake in LyondellBasell Industries (NYSE:LYB) by 4.4% in the third quarter, Holdings Channel.com reports. The firm owned 11,622 shares of the specialty chemicals company’s stock after purchasing an additional 492 shares during the quarter. Arrow Financial Corp’s holdings in LyondellBasell Industries were worth $1,115,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after buying an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after acquiring an additional 170,464 shares in the last quarter. Capital World Investors raised its holdings in shares of LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after purchasing an additional 6,760 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LYB. Wells Fargo & Company lowered 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 note on Tuesday, November 5th. Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Piper Sandler decreased their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Down 2.3 %

LYB opened at $85.30 on Friday. The stock’s fifty day simple moving average is $92.32 and its 200 day simple moving average is $95.54. LyondellBasell Industries has a 1-year low of $83.36 and a 1-year high of $107.02. The stock has a market cap of $27.70 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 2.39 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.46 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 7.16 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date 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 presently 81.58%.

LyondellBasell Industries Company 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.