LyondellBasell Industries (NYSE:LYB) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in LyondellBasell Industries (NYSE:LYB) by 1,952.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,812 shares of the specialty chemicals company’s stock after acquiring an additional 2,675 shares during the quarter. Benjamin Edwards Inc.’s holdings in LyondellBasell Industries were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Lantz Financial LLC raised its holdings in shares of LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after acquiring an additional 109 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock worth $1,330,000 after acquiring an additional 120 shares during the last quarter. RDA Financial Network increased its stake in LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 122 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in LyondellBasell Industries by 11.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock valued at $117,000 after purchasing an additional 125 shares during the last quarter. Finally, Latitude Advisors LLC increased its stake in LyondellBasell Industries by 5.3% in the first quarter. Latitude Advisors LLC now owns 2,606 shares of the specialty chemicals company’s stock valued at $267,000 after purchasing an additional 132 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $94.04 on Friday. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The business has a 50-day moving average of $96.23 and a 200-day moving average of $98.00. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market capitalization of $30.62 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter in the prior year, the business earned $2.44 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries will post 8 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

Wall Street Analyst Weigh In

LYB has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $107.27.

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.