Benjamin Edwards Inc. Has $3.81 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

Benjamin Edwards Inc. boosted its position in LyondellBasell Industries (NYSE:LYB) by 1,312.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,720 shares of the specialty chemicals company’s stock after buying an additional 36,908 shares during the quarter. Benjamin Edwards Inc.’s holdings in LyondellBasell Industries were worth $3,809,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of LYB. GAMMA Investing LLC increased its stake in shares of LyondellBasell Industries by 108.4% in the second quarter. GAMMA Investing LLC now owns 1,209 shares of the specialty chemicals company’s stock worth $116,000 after purchasing an additional 629 shares during the period. Mather Group LLC. lifted its position in shares of LyondellBasell Industries by 45.2% during the 2nd quarter. Mather Group LLC. now owns 3,757 shares of the specialty chemicals company’s stock worth $384,000 after buying an additional 1,169 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 24.1% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 4,018 shares of the specialty chemicals company’s stock valued at $384,000 after purchasing an additional 780 shares in the last quarter. CWM LLC boosted its position in LyondellBasell Industries by 15.0% in the second quarter. CWM LLC now owns 7,335 shares of the specialty chemicals company’s stock valued at $702,000 after buying an additional 954 shares in the last quarter. Finally, RDA Financial Network boosted its holdings in shares of LyondellBasell Industries by 3.9% in the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 122 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

LYB has been the topic of a number of research analyst reports. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday. Wells Fargo & Company decreased their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Mizuho reduced their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler lowered their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Down 1.5 %

NYSE:LYB opened at $80.78 on Wednesday. The stock has a market cap of $26.23 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 2.29 and a beta of 1.05. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average price of $88.34 and a two-hundred day moving average price of $93.35. LyondellBasell Industries has a 1 year low of $80.62 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 earnings per share. As a group, equities analysts expect that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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 issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.64%. LyondellBasell Industries’s payout ratio is presently 81.58%.

LyondellBasell Industries 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.