NBC Securities Inc. Purchases 351 Shares of LyondellBasell Industries (NYSE:LYB)

NBC Securities Inc. raised its position in shares of LyondellBasell Industries (NYSE:LYB) by 3.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,891 shares of the specialty chemicals company’s stock after acquiring an additional 351 shares during the quarter. NBC Securities Inc.’s holdings in LyondellBasell Industries were worth $1,044,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of LYB. Norden Group LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $3,686,000. Sound Income Strategies LLC boosted its holdings in shares of LyondellBasell Industries by 9.3% during the 1st quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock worth $22,679,000 after buying an additional 18,901 shares in the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after buying an additional 21,809 shares during the period. Banco Santander S.A. bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $3,607,000. Finally, Foresight Capital Management Advisors Inc. acquired a new position in shares of LyondellBasell Industries during the 2nd quarter valued at $1,416,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB opened at $92.10 on Wednesday. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market capitalization of $29.99 billion, a price-to-earnings ratio of 14.23, a P/E/G ratio of 1.32 and a beta of 1.07. The firm’s fifty day moving average price is $95.59 and its two-hundred day moving average price is $97.27.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results 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 the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.44 EPS. As a group, analysts anticipate that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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. This represents a $5.36 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. UBS Group reduced their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, Royal Bank of Canada cut their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $106.40.

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.