Cerity Partners LLC Grows Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Cerity Partners LLC grew its stake in shares of LyondellBasell Industries (NYSE:LYB) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,433 shares of the specialty chemicals company’s stock after acquiring an additional 10,767 shares during the period. Cerity Partners LLC’s holdings in LyondellBasell Industries were worth $11,550,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in LYB. Raymond James Trust N.A. boosted its position in shares of LyondellBasell Industries by 1.0% in the third quarter. Raymond James Trust N.A. now owns 17,483 shares of the specialty chemicals company’s stock valued at $1,677,000 after acquiring an additional 173 shares during the period. Eagle Asset Management Inc. lifted its stake in LyondellBasell Industries by 0.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 111,205 shares of the specialty chemicals company’s stock worth $10,665,000 after purchasing an additional 876 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after purchasing an additional 362,671 shares during the period. Banco Santander S.A. grew its position in shares of LyondellBasell Industries by 9.6% during the 3rd quarter. Banco Santander S.A. now owns 37,852 shares of the specialty chemicals company’s stock valued at $3,630,000 after purchasing an additional 3,326 shares in the last quarter. Finally, Integrated Investment Consultants LLC bought a new position in shares of LyondellBasell Industries in the third quarter worth $1,387,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 2.3 %

Shares of NYSE:LYB opened at $82.14 on Wednesday. LyondellBasell Industries has a 12-month low of $81.45 and a 12-month high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average price is $89.57 and its 200-day moving average price is $94.00. The stock has a market capitalization of $26.68 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 2.34 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the firm posted $2.46 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Shareholders of record on Monday, December 2nd will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $101.70.

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.