Stifel Financial Corp Has $38.46 Million Holdings in LyondellBasell Industries (NYSE:LYB)

Stifel Financial Corp decreased its position in LyondellBasell Industries (NYSE:LYB - Free Report) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 400,987 shares of the specialty chemicals company's stock after selling 6,563 shares during the period. Stifel Financial Corp owned about 0.12% of LyondellBasell Industries worth $38,455,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 4.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company's stock valued at $769,500,000 after acquiring an additional 362,671 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of 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 purchasing an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 170,464 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of LyondellBasell Industries by 211.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company's stock worth $123,055,000 after purchasing an additional 871,708 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries by 0.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company's stock valued at $101,886,000 after buying an additional 6,760 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE:LYB traded down $1.02 during mid-day trading on Friday, hitting $76.39. 4,269,750 shares of the stock were exchanged, compared to its average volume of 2,576,313. The firm's 50-day simple moving average is $87.23 and its 200 day simple moving average is $92.92. The stock has a market capitalization of $24.81 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. LyondellBasell Industries has a fifty-two week low of $75.98 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.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced 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). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the firm posted $2.46 EPS. The company's revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.34 per share. The ex-dividend date is Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.02%. LyondellBasell Industries's dividend payout ratio is presently 81.58%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Royal Bank of Canada lowered their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Friday. Finally, Mizuho dropped their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $100.70.

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.