Janney Montgomery Scott LLC Buys 983 Shares of LyondellBasell Industries (NYSE:LYB)

Janney Montgomery Scott LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 113,650 shares of the specialty chemicals company’s stock after buying an additional 983 shares during the quarter. Janney Montgomery Scott LLC’s holdings in LyondellBasell Industries were worth $10,899,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CVA Family Office LLC raised its position in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at approximately $28,000. Blue Trust Inc. increased its position 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 valued at $31,000 after acquiring an additional 227 shares in the last quarter. Finally, Matrix Trust Co purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $30,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $86.44 on Thursday. The business’s fifty day moving average is $92.81 and its 200 day moving average is $95.71. LyondellBasell Industries has a fifty-two week low of $83.36 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company has a market capitalization of $28.07 billion, a PE ratio of 13.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries will post 7.38 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday. Mizuho dropped their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday. Barclays lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $100.56.

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.