Zions Bancorporation N.A. Has $7.66 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Zions Bancorporation N.A. lowered its stake in LyondellBasell Industries (NYSE:LYB) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,850 shares of the specialty chemicals company’s stock after selling 1,942 shares during the period. LyondellBasell Industries accounts for 0.6% of Zions Bancorporation N.A.’s holdings, making the stock its 27th largest holding. Zions Bancorporation N.A.’s holdings in LyondellBasell Industries were worth $7,658,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Capital World Investors raised its stake in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP bought a new stake in LyondellBasell Industries in the first quarter valued at $61,327,000. Pacer Advisors Inc. increased its stake in LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Ensign Peak Advisors Inc increased its stake in LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after purchasing an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in LyondellBasell Industries in the second quarter valued at $17,683,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.2 %

LyondellBasell Industries stock opened at $83.44 on Thursday. LyondellBasell Industries has a fifty-two week low of $83.02 and a fifty-two week high of $107.02. The stock has a market cap of $27.10 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The firm’s 50-day simple moving average is $91.58 and its 200 day simple moving average is $95.15. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. Research analysts predict that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 81.58%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LYB shares. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday. Mizuho decreased 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. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada decreased their target price on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.70.

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.