Acropolis Investment Management LLC Has $1.18 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Acropolis Investment Management LLC lessened its stake in shares of LyondellBasell Industries (NYSE:LYB) by 9.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,345 shares of the specialty chemicals company’s stock after selling 1,300 shares during the quarter. Acropolis Investment Management LLC’s holdings in LyondellBasell Industries were worth $1,184,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LYB. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co bought a new stake in shares of LyondellBasell Industries in the third quarter worth $30,000. Blue Trust Inc. increased its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the period. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries during the 3rd quarter worth $31,000. Finally, Independence Bank of Kentucky lifted its holdings in LyondellBasell Industries by 125.6% during the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock worth $37,000 after buying an additional 216 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $83.32 on Friday. The firm has a market capitalization of $27.06 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.32 and a beta of 1.08. The firm’s 50-day moving average price is $88.88 and its 200-day moving average price is $93.72. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 1-year low of $81.45 and a 1-year high of $107.02.

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 analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Investors of record on Monday, December 2nd will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.43%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LYB shares. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and an average target price 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.