State Street Corp Raises Stock Position in LyondellBasell Industries (NYSE:LYB)

State Street Corp boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 1.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,202,118 shares of the specialty chemicals company's stock after purchasing an additional 230,327 shares during the quarter. State Street Corp owned about 3.76% of LyondellBasell Industries worth $1,170,183,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its stake in shares of LyondellBasell Industries by 4.7% in 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 in the last quarter. Pacer Advisors Inc. increased its stake 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 worth $461,930,000 after acquiring an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP raised its position in LyondellBasell Industries by 3.8% during the second 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 period. Jacobs Levy Equity Management Inc. lifted its stake 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 during 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 worth $101,886,000 after purchasing an additional 6,760 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 1.3 %

NYSE LYB traded down $1.02 during midday trading on Friday, hitting $76.39. 4,269,750 shares of the company traded hands, compared to its average volume of 2,576,313. LyondellBasell Industries has a 52 week low of $75.98 and a 52 week high of $107.02. The company's 50-day simple moving average is $87.23 and its 200-day simple moving average is $92.92. The company has a market cap of $24.81 billion, a PE ratio of 11.63, a price-to-earnings-growth ratio of 2.18 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 the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analysts' expectations 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 quarter last year, the firm earned $2.46 EPS. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.02%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 81.58%.

Analyst Upgrades and Downgrades

Several research analysts have commented on LYB shares. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a research note on Tuesday, November 5th. Mizuho cut their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th. Piper Sandler decreased 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. Finally, StockNews.com raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $100.70.

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.