Confluence Wealth Services Inc. Has $941,000 Position in LyondellBasell Industries (NYSE:LYB)

Confluence Wealth Services Inc. increased its holdings in LyondellBasell Industries (NYSE:LYB) by 7.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,811 shares of the specialty chemicals company’s stock after purchasing an additional 659 shares during the period. Confluence Wealth Services Inc.’s holdings in LyondellBasell Industries were worth $941,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LYB. CVA Family Office LLC grew its position in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares during the period. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $27,000. Beacon Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter valued at $28,000. Matrix Trust Co acquired a new position in LyondellBasell Industries in the third quarter worth $30,000. Finally, Blue Trust Inc. grew its holdings in shares of LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

NYSE LYB opened at $86.56 on Monday. 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 $28.14 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 1.64 and a beta of 1.08. The business has a 50 day simple moving average of $93.56 and a 200 day simple moving average of $95.99. LyondellBasell Industries has a 52-week low of $85.64 and a 52-week 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 $2.03 by ($0.15). LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the business earned $2.46 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. 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 announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 75.39%.

Analysts Set New Price Targets

LYB has been the subject of several research reports. Wells Fargo & Company lowered 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 report on Monday, August 5th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays decreased their price target on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. Finally, UBS Group cut their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average price target of $106.33.

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.