Benjamin Edwards Inc. Has $3.81 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Benjamin Edwards Inc. grew its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 1,312.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,720 shares of the specialty chemicals company's stock after purchasing an additional 36,908 shares during the period. Benjamin Edwards Inc.'s holdings in LyondellBasell Industries were worth $3,809,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. CVA Family Office LLC lifted its position in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $30,000. Blue Trust Inc. raised its stake in shares of LyondellBasell Industries by 311.0% in 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 during the last quarter. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Independence Bank of Kentucky grew its stake in LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company's stock valued at $37,000 after buying an additional 216 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 3.5 %

Shares of NYSE:LYB traded down $2.82 on Wednesday, hitting $77.96. 5,920,098 shares of the company traded hands, compared to its average volume of 1,929,300. The company has a market cap of $25.32 billion, a PE ratio of 11.87, a PEG ratio of 2.29 and a beta of 1.05. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock has a 50 day simple moving average of $88.00 and a 200-day simple moving average of $93.24. LyondellBasell Industries has a 52 week low of $77.38 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results 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 return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. During the same period last year, the firm earned $2.46 earnings per share. The firm's quarterly revenue was down 2.8% on a year-over-year basis. As a group, research analysts expect 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. Investors of record on Monday, December 2nd will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries's payout ratio is 81.58%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on LYB shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, November 5th. Piper Sandler decreased their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Mizuho cut their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating for the company in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $101.70.

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.