Lifeworks Advisors LLC Has $2.58 Million Position in LyondellBasell Industries (NYSE:LYB)

Lifeworks Advisors LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 31.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,884 shares of the specialty chemicals company's stock after purchasing an additional 6,436 shares during the quarter. Lifeworks Advisors LLC's holdings in LyondellBasell Industries were worth $2,578,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. increased its position in LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock worth $461,930,000 after buying an additional 579,300 shares during the period. Dimensional Fund Advisors LP lifted its position in LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company's stock valued at $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% in the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company's stock valued at $101,886,000 after purchasing an additional 6,760 shares during the period. Finally, Raymond James & Associates raised its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company's stock valued at $87,512,000 after buying an additional 3,394 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on LYB shares. JPMorgan Chase & Co. lowered their price target on LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. 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. Evercore ISI upgraded shares of LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Thursday. Finally, Barclays cut their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $101.70.

LyondellBasell Industries Trading Down 1.1 %

Shares of NYSE LYB traded down $0.88 during midday trading on Thursday, reaching $82.56. 1,938,165 shares of the stock were exchanged, compared to its average volume of 1,868,874. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company has a market capitalization of $26.81 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 2.33 and a beta of 1.08. The business has a 50-day simple moving average of $91.58 and a two-hundred day simple moving average of $95.15. LyondellBasell Industries has a 12 month low of $82.20 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.49%. LyondellBasell Industries's payout ratio is 81.58%.

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.