Global Wealth Management Investment Advisory Inc. Has $3.89 Million Stake in LyondellBasell Industries (NYSE:LYB)

Global Wealth Management Investment Advisory Inc. grew its stake in LyondellBasell Industries (NYSE:LYB) by 3.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 40,543 shares of the specialty chemicals company’s stock after purchasing an additional 1,418 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in LyondellBasell Industries were worth $3,888,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Greenwood Capital Associates LLC increased its holdings in shares of LyondellBasell Industries by 1.8% in the third quarter. Greenwood Capital Associates LLC now owns 18,144 shares of the specialty chemicals company’s stock valued at $1,740,000 after purchasing an additional 323 shares during the last quarter. World Equity Group Inc. acquired a new position in shares of LyondellBasell Industries in the third quarter valued at about $225,000. QRG Capital Management Inc. increased its holdings in shares of LyondellBasell Industries by 3.7% during the third quarter. QRG Capital Management Inc. now owns 83,812 shares of the specialty chemicals company’s stock worth $8,038,000 after purchasing an additional 2,963 shares during the period. National Pension Service lifted its stake in LyondellBasell Industries by 9.2% during the third quarter. National Pension Service now owns 446,174 shares of the specialty chemicals company’s stock worth $42,788,000 after purchasing an additional 37,611 shares during the last quarter. Finally, Vestor Capital LLC boosted its holdings in shares of LyondellBasell Industries by 0.6% during the 3rd quarter. Vestor Capital LLC now owns 35,069 shares of the specialty chemicals company’s stock valued at $3,363,000 after acquiring an additional 203 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group lowered their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday. Mizuho cut their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday. 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. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $101.11.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $0.38 during trading hours on Tuesday, reaching $83.81. 143,515 shares of the company were exchanged, compared to its average volume of 1,835,417. LyondellBasell Industries has a twelve month low of $83.40 and a twelve month high of $107.02. The firm has a market cap of $27.25 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The stock’s 50-day moving average is $93.28 and its 200-day moving average is $95.88. 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 (NYSE:LYB) last posted its earnings results 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 during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.46 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders 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 6.40%. LyondellBasell Industries’s dividend payout ratio is presently 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.