LyondellBasell Industries (NYSE:LYB) Holdings Raised by RBF Capital LLC

RBF Capital LLC raised its stake in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 21.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the specialty chemicals company's stock after acquiring an additional 7,000 shares during the period. RBF Capital LLC's holdings in LyondellBasell Industries were worth $3,836,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position 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 buying an additional 362,671 shares during the last quarter. Pacer Advisors Inc. raised its position in LyondellBasell Industries by 13.6% in the 2nd 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 during the last quarter. Dimensional Fund Advisors LP increased its stake 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 buying an additional 170,464 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in 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 buying an additional 871,708 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in 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 period. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

LYB traded down $0.53 during trading hours on Thursday, hitting $77.42. 2,483,894 shares of the stock were exchanged, compared to its average volume of 1,931,841. 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 12 month low of $76.22 and a 12 month high of $107.02. The stock has a market cap of $25.14 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

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 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%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 earnings per share. Analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries's payout ratio is 81.58%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent analyst reports. Barclays lowered their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Monday, November 4th. Mizuho lowered their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. Piper Sandler lowered their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a research note on Friday, November 8th. Finally, Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday, November 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $101.70.

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.