CreativeOne Wealth LLC Acquires 4,421 Shares of LyondellBasell Industries (NYSE:LYB)

CreativeOne Wealth LLC lifted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 39.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,562 shares of the specialty chemicals company’s stock after purchasing an additional 4,421 shares during the quarter. CreativeOne Wealth LLC’s holdings in LyondellBasell Industries were worth $1,492,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 348,692 shares of the specialty chemicals company’s stock valued at $35,665,000 after acquiring an additional 3,583 shares during the period. Janus Henderson Group PLC lifted its position in LyondellBasell Industries by 0.9% during the first quarter. Janus Henderson Group PLC now owns 60,613 shares of the specialty chemicals company’s stock worth $6,197,000 after purchasing an additional 559 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in LyondellBasell Industries by 1.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 10,100 shares of the specialty chemicals company’s stock worth $956,000 after buying an additional 166 shares in the last quarter. LRI Investments LLC bought a new position in LyondellBasell Industries in the 1st quarter valued at about $54,000. Finally, Swedbank AB acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at approximately $16,443,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Mizuho reduced their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Royal Bank of Canada dropped their target price on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $101.70.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $83.04 on Friday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 52 week low of $81.45 and a 52 week high of $107.02. The firm has a market cap of $26.97 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 2.32 and a beta of 1.08. The firm’s fifty day moving average is $89.09 and its 200-day moving average is $93.84.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS 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 previous year, the firm posted $2.46 earnings per share. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

LyondellBasell Industries Company 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.