NBC Securities Inc. Raises Position in LyondellBasell Industries (NYSE:LYB)

NBC Securities Inc. boosted its position in LyondellBasell Industries (NYSE:LYB) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 10,891 shares of the specialty chemicals company’s stock after purchasing an additional 351 shares during the period. NBC Securities Inc.’s holdings in LyondellBasell Industries were worth $1,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Capital World Investors increased its holdings in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares during the last quarter. Ilex Capital Partners UK LLP purchased a new position in shares of LyondellBasell Industries in the first quarter worth about $61,327,000. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after purchasing an additional 579,300 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of LyondellBasell Industries by 80.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after buying an additional 347,877 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in LyondellBasell Industries in the 2nd quarter worth approximately $17,683,000. 71.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on LYB shares. Barclays lowered their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. UBS Group decreased their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $106.40.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $92.10 on Wednesday. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The stock has a market cap of $29.99 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07. The firm’s fifty day moving average price is $95.59 and its 200-day moving average price is $97.27.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter last year, the business posted $2.44 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts expect that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.82%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

LyondellBasell Industries Company Profile

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.