National Bank of Canada FI Raises Stock Holdings in LyondellBasell Industries (NYSE:LYB)

National Bank of Canada FI raised its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 59.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,330 shares of the specialty chemicals company's stock after buying an additional 58,875 shares during the period. National Bank of Canada FI's holdings in LyondellBasell Industries were worth $15,088,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. lifted its position 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 valued at $123,055,000 after buying an additional 871,708 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock valued at $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Charles Schwab Investment Management Inc. boosted 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 worth $769,500,000 after purchasing an additional 362,671 shares during the period. Ensign Peak Advisors Inc increased its stake in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company's stock worth $74,523,000 after purchasing an additional 347,877 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of LyondellBasell Industries by 1.9% during the 3rd quarter. State Street Corp now owns 12,202,118 shares of the specialty chemicals company's stock valued at $1,170,183,000 after buying an additional 230,327 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LYB. StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research note on Monday, November 4th. Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, December 6th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $98.50.

LyondellBasell Industries Price Performance

Shares of NYSE LYB traded down $1.21 during mid-day trading on Wednesday, hitting $76.43. 2,763,346 shares of the company's stock traded hands, compared to its average volume of 1,968,280. The company has a market capitalization of $24.82 billion, a P/E ratio of 11.67, a PEG ratio of 2.13 and a beta of 1.05. 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 current ratio of 2.13 and a quick ratio of 1.25. The company's 50-day moving average is $86.50 and its two-hundred day moving average is $92.59.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) 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 for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. 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 payout ratio is 81.58%.

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.