Eagle Asset Management Inc. Has $10.67 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Eagle Asset Management Inc. boosted its position in shares of LyondellBasell Industries (NYSE:LYB) by 0.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,205 shares of the specialty chemicals company’s stock after purchasing an additional 876 shares during the quarter. Eagle Asset Management Inc.’s holdings in LyondellBasell Industries were worth $10,665,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of LYB. CVA Family Office LLC increased its position in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter valued at about $28,000. Blue Trust Inc. grew its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the period. Matrix Trust Co bought a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries in the third quarter valued at approximately $31,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LYB shares. Royal Bank of Canada dropped their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. 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. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Up 1.3 %

LyondellBasell Industries stock opened at $83.87 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company’s 50-day moving average is $90.03 and its 200-day moving average is $94.31. The firm has a market capitalization of $27.24 billion, a PE ratio of 12.77, a P/E/G ratio of 2.31 and a beta of 1.08. LyondellBasell Industries has a fifty-two week low of $81.45 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the firm earned $2.46 EPS. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.39%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is 81.58%.

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.