B.O.S.S. Retirement Advisors LLC Raises Holdings in LyondellBasell Industries (NYSE:LYB)

B.O.S.S. Retirement Advisors LLC lifted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,865 shares of the specialty chemicals company’s stock after purchasing an additional 740 shares during the quarter. B.O.S.S. Retirement Advisors LLC’s holdings in LyondellBasell Industries were worth $1,330,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. lifted its holdings 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 worth $461,930,000 after buying an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in LyondellBasell Industries by 3.8% in 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 in the last quarter. Capital World Investors boosted 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 valued at $273,671,000 after purchasing an additional 600,554 shares during the period. Envestnet Asset Management Inc. boosted its holdings in 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 valued at $101,886,000 after purchasing an additional 6,760 shares during the period. Finally, Raymond James & Associates grew its position in shares of LyondellBasell Industries by 5.7% during the 2nd quarter. Raymond James & Associates now owns 909,144 shares of the specialty chemicals company’s stock valued at $86,969,000 after purchasing an additional 49,190 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.2 %

NYSE LYB opened at $91.91 on Thursday. The business’s 50-day moving average is $95.53 and its 200 day moving average is $97.24. The stock has a market capitalization of $29.93 billion, a PE ratio of 14.21, a PEG ratio of 1.32 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.44 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 7.8 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.83%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LYB. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Finally, Barclays cut their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $106.40.

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.