Inscription Capital LLC Has $428,000 Stock Position in LyondellBasell Industries (NYSE:LYB)

Inscription Capital LLC boosted its holdings in LyondellBasell Industries (NYSE:LYB) by 10.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,464 shares of the specialty chemicals company’s stock after buying an additional 434 shares during the quarter. Inscription Capital LLC’s holdings in LyondellBasell Industries were worth $428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benedict Financial Advisors Inc. lifted its stake in LyondellBasell Industries by 0.6% in the 3rd quarter. Benedict Financial Advisors Inc. now owns 39,657 shares of the specialty chemicals company’s stock valued at $3,803,000 after purchasing an additional 245 shares during the last quarter. Forsta AP Fonden raised its position in LyondellBasell Industries by 7.9% in the third quarter. Forsta AP Fonden now owns 134,600 shares of the specialty chemicals company’s stock valued at $12,908,000 after purchasing an additional 9,900 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in LyondellBasell Industries by 14.4% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 182,712 shares of the specialty chemicals company’s stock valued at $17,619,000 after buying an additional 22,929 shares during the last quarter. Highland Capital Management LLC grew its holdings in LyondellBasell Industries by 15.5% during the 3rd quarter. Highland Capital Management LLC now owns 44,905 shares of the specialty chemicals company’s stock worth $4,306,000 after acquiring an additional 6,030 shares during the last quarter. Finally, Burford Brothers Inc. raised its stake in shares of LyondellBasell Industries by 6.5% during the third quarter. Burford Brothers Inc. now owns 8,362 shares of the specialty chemicals company’s stock valued at $802,000 after acquiring an additional 508 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group cut their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Barclays decreased their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $106.33.

LyondellBasell Industries Trading Up 0.2 %

LYB opened at $87.71 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The company has a fifty day moving average price of $94.36 and a two-hundred day moving average price of $96.36. The company has a market cap of $28.56 billion, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $86.87 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter last year, the firm posted $2.44 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts predict that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.11%. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

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.