LyondellBasell Industries N.V. $LYB Stock: MBL Wealth LLC Grows Holdings

MBL Wealth LLC lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB – Free Report) by 309.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,775 shares of the specialty chemicals company’s stock after buying an additional 12,680 shares during the period. MBL Wealth LLC’s holdings in LyondellBasell Industries were worth $964,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. grew its holdings in shares of LyondellBasell Industries by 1.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after acquiring an additional 172 shares in the last quarter. Cidel Asset Management Inc. grew its stake in shares of LyondellBasell Industries by 2.0% during the 2nd quarter. Cidel Asset Management Inc. now owns 9,996 shares of the specialty chemicals company’s stock worth $526,000 after acquiring an additional 193 shares during the period. Pinnacle Bancorp Inc. boosted its position in LyondellBasell Industries by 26.0% during the third quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 199 shares during the period. Ipsen Advisor Group LLC grew its stake in LyondellBasell Industries by 2.4% in the 1st quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock valued at $754,000 after buying an additional 216 shares in the last quarter. Finally, Moody National Bank Trust Division grew its position in shares of LyondellBasell Industries by 4.7% in the third quarter. Moody National Bank Trust Division now owns 6,116 shares of the specialty chemicals company’s stock valued at $351,000 after purchasing an additional 275 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $66.54 on Friday. The firm has a fifty day simple moving average of $62.60 and a two-hundred day simple moving average of $64.20. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $83.94. The company has a market capitalization of $21.50 billion, a PE ratio of -58.89, a P/E/G ratio of 0.16 and a beta of 0.30.

LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Research analysts expect that LyondellBasell Industries N.V. will post 9.25 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.1%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on LYB shares. Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Mizuho upped their target price on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. UBS Group reduced their target price on LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Finally, Morgan Stanley lowered their price target on LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a research report on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $71.50.

Read Our Latest Stock Analysis on LyondellBasell Industries

About LyondellBasell Industries

(Free Report)

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.

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

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