Integrated Wealth Concepts LLC Buys 717 Shares of LyondellBasell Industries (NYSE:LYB)

Integrated Wealth Concepts LLC boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 10.6% in the third quarter, Holdings Channel reports. The institutional investor owned 7,460 shares of the specialty chemicals company’s stock after purchasing an additional 717 shares during the period. Integrated Wealth Concepts LLC’s holdings in LyondellBasell Industries were worth $715,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after purchasing an additional 362,671 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 worth $461,930,000 after buying an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LyondellBasell Industries by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after buying an additional 170,464 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of LyondellBasell Industries by 211.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after buying an additional 871,708 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after acquiring an additional 6,760 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. Mizuho reduced their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Deutsche Bank Aktiengesellschaft reduced 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 note on Monday, November 4th. Finally, Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” 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 assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $99.50.

LyondellBasell Industries Trading Up 1.2 %

Shares of LYB stock opened at $77.33 on Tuesday. LyondellBasell Industries has a 1 year low of $75.98 and a 1 year high of $107.02. The firm has a fifty day moving average price of $86.86 and a 200-day moving average price of $92.74. The company has a market cap of $25.11 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

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

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.93%. LyondellBasell Industries’s payout ratio is currently 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.