LyondellBasell Industries (NYSE:LYB) Shares Purchased by Providence Capital Advisors LLC

Providence Capital Advisors LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 0.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,742 shares of the specialty chemicals company’s stock after acquiring an additional 234 shares during the period. Providence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $3,428,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in LyondellBasell Industries by 155.9% in 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 during the last quarter. Beacon Capital Management LLC acquired a new position in LyondellBasell Industries in the first quarter valued at approximately $28,000. Matrix Trust Co acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $30,000. Blue Trust Inc. lifted 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 acquiring an additional 227 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the third quarter valued at approximately $31,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LYB. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Barclays cut their target price 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. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Mizuho cut 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Up 1.1 %

LyondellBasell Industries stock opened at $83.04 on Thursday. LyondellBasell Industries has a twelve month low of $81.45 and a twelve month high of $107.02. The stock’s fifty day simple moving average is $89.36 and its 200-day simple moving average is $93.92. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $26.97 billion, a P/E ratio of 12.64, a P/E/G ratio of 2.35 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results 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 business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $2.46 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.45%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

About LyondellBasell Industries

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.