Pathstone Family Office LLC Raises Stake in LyondellBasell Industries (NYSE:LYB)

Pathstone Family Office LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYBFree Report) by 6.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,720 shares of the specialty chemicals company’s stock after purchasing an additional 831 shares during the quarter. Pathstone Family Office LLC’s holdings in LyondellBasell Industries were worth $1,394,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LYB. Compass Wealth Management LLC acquired a new stake in LyondellBasell Industries in the 4th quarter valued at about $25,000. Intrepid Capital Management Inc. acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at about $26,000. FSC Wealth Advisors LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at about $26,000. Steward Financial Group LLC lifted its holdings in LyondellBasell Industries by 77.1% in the 2nd quarter. Steward Financial Group LLC now owns 317 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 138 shares in the last quarter. Finally, Ossiam purchased a new position in LyondellBasell Industries in the 2nd quarter valued at about $30,000. 91.41% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $96.51 on Tuesday. The business’s fifty day moving average price is $94.72 and its two-hundred day moving average price is $95.23. LyondellBasell Industries has a fifty-two week low of $81.24 and a fifty-two week high of $102.04. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.85 and a quick ratio of 1.18.

LyondellBasell Industries (NYSE:LYBGet Free Report) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. LyondellBasell Industries’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.29 EPS. As a group, analysts predict that LyondellBasell Industries will post 8.86 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Shareholders of record on Monday, November 27th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend was Friday, November 24th. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Analyst Ratings Changes

A number of research firms have issued reports on LYB. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and reduced their target price for the company from $105.00 to $98.00 in a report on Wednesday, December 13th. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Wednesday, January 10th. Bank of America upgraded LyondellBasell Industries from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $99.00 to $107.00 in a research note on Wednesday, October 18th. JPMorgan Chase & Co. upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating and raised their target price for the company from $95.00 to $100.00 in a research note on Monday, February 5th. Finally, Barclays lowered their target price on LyondellBasell Industries from $102.00 to $98.00 and set an “equal weight” rating on the stock in a report on Monday, February 5th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Moderate Buy” and an average target price of $100.92.

Read Our Latest Analysis on LyondellBasell Industries

About LyondellBasell Industries

(Free Report)

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.

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

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