BNP PARIBAS ASSET MANAGEMENT Holding S.A. Boosts Holdings in LyondellBasell Industries (NYSE:LYB)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of LyondellBasell Industries (NYSE:LYB) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,593 shares of the specialty chemicals company’s stock after buying an additional 11,825 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in LyondellBasell Industries were worth $10,030,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Rockland Trust Co. lifted its position in LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after purchasing an additional 112 shares during the period. Petredis Investment Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after buying an additional 116 shares during the period. Verdence Capital Advisors LLC boosted its stake in shares of LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after buying an additional 120 shares in the last quarter. RDA Financial Network grew its holdings in LyondellBasell Industries by 3.9% during the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after acquiring an additional 122 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its position in LyondellBasell Industries by 25.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on LYB shares. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Trading Up 1.3 %

LyondellBasell Industries stock opened at $83.87 on Friday. The stock has a 50-day moving average price of $90.03 and a 200 day moving average price of $94.31. LyondellBasell Industries has a 52 week low of $81.45 and a 52 week high of $107.02. The stock has a market cap of $27.24 billion, a PE ratio of 12.77, a P/E/G ratio of 2.31 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

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

LyondellBasell Industries Announces Dividend

The firm 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 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

LyondellBasell Industries Company 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.