Beverly Hills Private Wealth LLC Has $304,000 Stake in LyondellBasell Industries (NYSE:LYB)

Beverly Hills Private Wealth LLC lowered its stake in shares of LyondellBasell Industries (NYSE:LYB) by 6.1% in the second quarter, Holdings Channel reports. The institutional investor owned 3,178 shares of the specialty chemicals company’s stock after selling 205 shares during the period. Beverly Hills Private Wealth LLC’s holdings in LyondellBasell Industries were worth $304,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Capital World Investors bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $197,305,000. Norges Bank acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at $82,854,000. Ilex Capital Partners UK LLP acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $61,327,000. Allianz Asset Management GmbH lifted its holdings in shares of LyondellBasell Industries by 826.1% during the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock worth $38,911,000 after acquiring an additional 365,050 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after acquiring an additional 290,401 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research note on Friday. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, UBS Group lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $107.27.

LyondellBasell Industries Trading Down 0.7 %

LYB opened at $93.18 on Friday. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The stock has a market capitalization of $30.34 billion, a PE ratio of 14.40, a PEG ratio of 1.28 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a 50-day moving average price of $96.17 and a two-hundred day moving average price of $98.20.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the business posted $2.44 earnings per share. LyondellBasell Industries’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company 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 5.75%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 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.