LyondellBasell Industries (NYSE:LYB) Shares Sold by Lloyd Advisory Services LLC.

Lloyd Advisory Services LLC. cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 7.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,902 shares of the specialty chemicals company’s stock after selling 225 shares during the quarter. Lloyd Advisory Services LLC.’s holdings in LyondellBasell Industries were worth $278,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of LYB. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after acquiring an additional 600,554 shares in the last quarter. Ilex Capital Partners UK LLP bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $61,327,000. Pacer Advisors Inc. boosted its position in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after buying an additional 579,300 shares during the period. Ensign Peak Advisors Inc boosted its position in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after buying an additional 347,877 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of LyondellBasell Industries by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after buying an additional 290,401 shares during the period. 71.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday. UBS Group decreased their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Barclays cut their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.40.

LyondellBasell Industries Price Performance

NYSE LYB opened at $93.79 on Friday. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The stock’s 50-day moving average is $95.64 and its two-hundred day moving average is $97.47. 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 firm has a market cap of $30.49 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07.

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

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.71%. LyondellBasell Industries’s payout ratio is presently 75.39%.

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.