EP Wealth Advisors LLC Acquires Shares of 8,110 LyondellBasell Industries (NYSE:LYB)

EP Wealth Advisors LLC bought a new stake in LyondellBasell Industries (NYSE:LYB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,110 shares of the specialty chemicals company's stock, valued at approximately $778,000.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of LyondellBasell Industries by 1.9% during the third quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock worth $1,170,183,000 after purchasing an additional 230,327 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of LyondellBasell Industries by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock worth $769,500,000 after purchasing an additional 362,671 shares during the period. Pacer Advisors Inc. lifted its position in LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company's stock worth $449,175,000 after acquiring an additional 170,464 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of LyondellBasell Industries by 211.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock valued at $123,055,000 after purchasing an additional 871,708 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Trading Down 1.6 %

NYSE:LYB traded down $1.21 on Wednesday, reaching $76.43. The company's stock had a trading volume of 2,763,346 shares, compared to its average volume of 1,968,280. LyondellBasell Industries has a 1-year low of $75.98 and a 1-year 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 firm has a market cap of $24.82 billion, a PE ratio of 11.67, a PEG ratio of 2.13 and a beta of 1.05. The business's 50-day moving average price is $86.50 and its two-hundred day moving average price is $92.59.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its 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). The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.46 earnings per share. Equities research analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.01%. LyondellBasell Industries's dividend payout ratio is currently 81.58%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday. Piper Sandler cut their price target on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research note on Friday, November 8th. Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Royal Bank of Canada dropped their price target on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $98.50.

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.