Impact Partnership Wealth LLC Has $669,000 Holdings in LyondellBasell Industries (NYSE:LYB)

Impact Partnership Wealth LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,977 shares of the specialty chemicals company’s stock after buying an additional 190 shares during the period. Impact Partnership Wealth LLC’s holdings in LyondellBasell Industries were worth $669,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Norden Group LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth about $3,686,000. State Board of Administration of Florida Retirement System increased its holdings in shares of LyondellBasell Industries by 8.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock worth $26,512,000 after acquiring an additional 21,809 shares during the last quarter. Banco Santander S.A. acquired a new position in shares of LyondellBasell Industries in the first quarter valued at $3,607,000. Foresight Capital Management Advisors Inc. acquired a new stake in LyondellBasell Industries during the 2nd quarter worth approximately $1,416,000. Finally, PGGM Investments increased its position in LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after buying an additional 7,168 shares during the period. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on LYB. Wells Fargo & Company decreased 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 note on Monday, August 5th. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays dropped their price target on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Price Performance

LYB stock traded down $0.20 during midday trading on Thursday, reaching $88.67. 98,681 shares of the stock were exchanged, compared to its average volume of 1,817,008. LyondellBasell Industries has a 52 week low of $88.18 and a 52 week high of $107.02. The company has a fifty day moving average price of $94.92 and a 200 day moving average price of $96.75. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock has a market capitalization of $28.87 billion, a PE ratio of 13.74, a P/E/G ratio of 1.32 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $2.44 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 7.8 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.04%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s 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.