LyondellBasell Industries (NYSE:LYB) Shares Sold by International Private Wealth Advisors LLC

International Private Wealth Advisors LLC reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 4.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,930 shares of the specialty chemicals company’s stock after selling 124 shares during the period. International Private Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $281,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LYB. CVA Family Office LLC lifted its holdings in shares of 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 purchasing an additional 159 shares during the last quarter. Beacon Capital Management LLC purchased a new position in LyondellBasell Industries during the first quarter worth $28,000. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries in the third quarter valued at approximately $30,000. Blue Trust Inc. grew its holdings in LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth about $31,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LYB shares. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. decreased their target price 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. Barclays dropped their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho decreased their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Down 0.6 %

Shares of LyondellBasell Industries stock traded down $0.50 on Thursday, hitting $82.94. The company had a trading volume of 169,954 shares, compared to its average volume of 1,860,872. The stock has a market capitalization of $26.94 billion, a price-to-earnings ratio of 12.70, a P/E/G ratio of 2.33 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. LyondellBasell Industries has a 1 year low of $82.70 and a 1 year high of $107.02. The stock has a 50 day moving average of $91.58 and a 200-day moving average of $95.15.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share 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 business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. LyondellBasell Industries’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.46%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 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.