Atria Investments Inc Purchases 399 Shares of LyondellBasell Industries (NYSE:LYB)

Atria Investments Inc boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.8% in the third quarter, Holdings Channel.com reports. The fund owned 47,792 shares of the specialty chemicals company’s stock after acquiring an additional 399 shares during the quarter. Atria Investments Inc’s holdings in LyondellBasell Industries were worth $4,583,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its stake in LyondellBasell Industries by 13.6% in the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the period. Capital World Investors raised its position in LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock valued at $273,671,000 after purchasing an additional 600,554 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock worth $101,886,000 after buying an additional 6,760 shares during the period. Finally, Raymond James & Associates grew its position in shares of LyondellBasell Industries by 0.4% during the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after buying an additional 3,394 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on LYB. JPMorgan Chase & Co. dropped their target price 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. Mizuho cut their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Piper Sandler lowered their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, 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 research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Stock Down 1.6 %

LYB stock opened at $83.63 on Wednesday. The company has a market capitalization of $27.16 billion, a P/E ratio of 12.73, a price-to-earnings-growth ratio of 2.36 and a beta of 1.08. LyondellBasell Industries has a 12 month low of $83.36 and a 12 month high of $107.02. The firm’s fifty day simple moving average is $92.05 and its 200-day simple moving average is $95.37. 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 announced 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). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the business posted $2.46 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts forecast 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 was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.41%. LyondellBasell Industries’s payout ratio is 81.58%.

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.