CreativeOne Wealth LLC Has $1.49 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

CreativeOne Wealth LLC increased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 39.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 15,562 shares of the specialty chemicals company’s stock after acquiring an additional 4,421 shares during the period. CreativeOne Wealth LLC’s holdings in LyondellBasell Industries were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Rockland Trust Co. increased its position in LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after buying an additional 112 shares in the last quarter. Petredis Investment Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after purchasing an additional 116 shares in the last quarter. Verdence Capital Advisors LLC grew its position in LyondellBasell Industries by 0.9% in the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares during the period. RDA Financial Network increased its stake in LyondellBasell Industries by 3.9% during the 2nd 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 in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Stock Up 1.1 %

Shares of NYSE:LYB opened at $83.04 on Friday. LyondellBasell Industries has a 1 year low of $81.45 and a 1 year high of $107.02. The company has a market capitalization of $26.97 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The business has a fifty day moving average price of $89.09 and a two-hundred day moving average price of $93.84. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 EPS. Analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be paid a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 6.45%. LyondellBasell Industries’s payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on LYB shares. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Piper Sandler cut their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research report on Friday, November 8th. Finally, Mizuho decreased their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $101.70.

About LyondellBasell Industries

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.