EP Wealth Advisors LLC Acquires Shares of 8,110 LyondellBasell Industries (NYSE:LYB)

EP Wealth Advisors LLC bought a new position in shares of LyondellBasell Industries (NYSE:LYB) during the 3rd quarter, HoldingsChannel reports. The fund bought 8,110 shares of the specialty chemicals company’s stock, valued at approximately $778,000.

A number of other large investors have also made changes to their positions in the stock. CVA Family Office LLC grew its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at about $30,000. Blue Trust Inc. increased its position in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter worth about $31,000. Finally, Independence Bank of Kentucky boosted its holdings in LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on LYB. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Barclays decreased their price target on 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. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Mizuho lowered their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday. Finally, StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.50.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $77.65 on Wednesday. The company has a market cap of $25.22 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 52 week low of $75.98 and a 52 week high of $107.02. The company has a fifty day simple moving average of $86.86 and a two-hundred day simple moving average of $92.74.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.46 EPS. As a group, equities analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.90%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

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.