LyondellBasell Industries N.V. $LYB Shares Purchased by Alps Advisors Inc.

Key Points

• Alps Advisors increased its LyondellBasell stake by 6.7% in the third quarter, buying 28,827 shares to reach 460,202 shares worth about $26.4 million. Institutional investors collectively own 71.2% of the company.
• Analyst views are mixed, with the stock carrying an overall Hold rating and an average price target of $73.22. LYB opened at $60.82 in the latest session cited.
• LyondellBasell reported quarterly EPS of $2.54, slightly below estimates, and revenue of $8.50 billion, also below forecasts, though revenue rose 10% year over year. Its quarterly dividend of $0.69 per share equates to a 4.5% yield at the cited share price.

Alps Advisors Inc. raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 6.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,202 shares of the specialty chemicals company's stock after purchasing an additional 28,827 shares during the quarter. Alps Advisors Inc. owned about 0.14% of LyondellBasell Industries worth $26,448,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC boosted its position in shares of LyondellBasell Industries by 221.0% in the third quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 347 shares during the period. Kelleher Financial Advisors grew its stake in LyondellBasell Industries by 4,112.5% in the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock valued at $35,000 after acquiring an additional 658 shares during the period. Versant Capital Management Inc grew its holdings in LyondellBasell Industries by 148.8% during the second quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company's stock valued at $50,000 after purchasing an additional 570 shares during the period. Contravisory Investment Management Inc. purchased a new stake in LyondellBasell Industries in the second quarter worth approximately $53,000. Finally, Pinnacle Bancorp Inc. raised its position in shares of LyondellBasell Industries by 26.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company's stock worth $55,000 after acquiring an additional 199 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LYB shares. Bank of America reaffirmed an "underperform" rating and set a $66.00 price target on shares of LyondellBasell Industries in a research note on Monday. Morgan Stanley reduced their price objective on shares of LyondellBasell Industries from $77.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, July 20th. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $75.00 to $80.00 in a research report on Monday, August 3rd. Wall Street Zen lowered shares of LyondellBasell Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings upgraded shares of LyondellBasell Industries from a "sell (d+)" rating to a "hold (c)" rating in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.22.

LyondellBasell Industries Trading Down 1.3%

LYB stock opened at $60.82 on Friday. The company's 50-day simple moving average is $62.69 and its 200-day simple moving average is $63.93. The firm has a market cap of $19.66 billion, a P/E ratio of 9.46, a PEG ratio of 0.17 and a beta of 0.29. LyondellBasell Industries N.V. has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a quick ratio of 1.18, a current ratio of 1.78 and a debt-to-equity ratio of 0.99.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, October 30th. The specialty chemicals company reported $2.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($0.03). The business had revenue of $8.50 billion for the quarter, compared to analysts' expectations of $8.87 billion. LyondellBasell Industries had a return on equity of 21.94% and a net margin of 4.06%. LyondellBasell Industries's quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.01 earnings per share. As a group, equities analysts forecast that LyondellBasell Industries N.V. will post 9.08 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries's payout ratio is 69.70%.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.

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