Kestra Advisory Services LLC Raises Holdings in LyondellBasell Industries (NYSE:LYB)

Kestra Advisory Services LLC lifted its stake in LyondellBasell Industries (NYSE:LYBGet Rating) by 49.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,915 shares of the specialty chemicals company’s stock after acquiring an additional 8,233 shares during the period. Kestra Advisory Services LLC’s holdings in LyondellBasell Industries were worth $1,876,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fortem Financial Group LLC increased its position in LyondellBasell Industries by 4.2% during the 3rd quarter. Fortem Financial Group LLC now owns 11,351 shares of the specialty chemicals company’s stock valued at $855,000 after buying an additional 458 shares in the last quarter. Great West Life Assurance Co. Can purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at about $16,520,000. Assetmark Inc. grew its stake in LyondellBasell Industries by 3.1% during the 3rd quarter. Assetmark Inc. now owns 7,513 shares of the specialty chemicals company’s stock valued at $566,000 after purchasing an additional 223 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in LyondellBasell Industries by 17.1% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 48,122 shares of the specialty chemicals company’s stock valued at $3,623,000 after purchasing an additional 7,026 shares during the last quarter. Finally, M&G Investment Management Ltd. purchased a new stake in shares of LyondellBasell Industries in the third quarter worth about $288,000. 91.12% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 2.2 %

Shares of LYB opened at $92.30 on Monday. The stock has a fifty day moving average of $85.47 and a two-hundred day moving average of $83.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.94 and a current ratio of 1.61. The company has a market capitalization of $30.06 billion, a PE ratio of 7.15, a price-to-earnings-growth ratio of 1.23 and a beta of 1.21. LyondellBasell Industries has a fifty-two week low of $71.46 and a fifty-two week high of $117.22.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its quarterly earnings data on Friday, October 28th. The specialty chemicals company reported $1.96 EPS for the quarter, missing analysts’ consensus estimates of $2.96 by ($1.00). The firm had revenue of $12.25 billion for the quarter, compared to analyst estimates of $13.28 billion. LyondellBasell Industries had a return on equity of 39.88% and a net margin of 8.03%. As a group, analysts forecast that LyondellBasell Industries will post 12.26 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 5th. Investors of record on Monday, November 28th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 25th. This represents a $4.76 dividend on an annualized basis and a yield of 5.16%. LyondellBasell Industries’s dividend payout ratio (DPR) is 36.87%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. KeyCorp upped their target price on LyondellBasell Industries from $65.00 to $83.00 and gave the stock an “underweight” rating in a research note on Thursday, January 12th. Morgan Stanley lowered their price target on LyondellBasell Industries from $115.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 12th. UBS Group increased their target price on LyondellBasell Industries from $81.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th. The Goldman Sachs Group initiated coverage on LyondellBasell Industries in a report on Thursday, October 13th. They set a “sell” rating and a $80.00 target price for the company. Finally, Wells Fargo & Company increased their target price on LyondellBasell Industries from $90.00 to $97.00 and gave the company an “overweight” rating in a report on Monday, January 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and a consensus target price of $93.39.

LyondellBasell Industries Company Profile

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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.

See Also

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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