LyondellBasell Industries (NYSE:LYB) Stock Holdings Lowered by Strategic Advisors LLC

Strategic Advisors LLC lessened its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 31.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,165 shares of the specialty chemicals company’s stock after selling 1,000 shares during the period. Strategic Advisors LLC’s holdings in LyondellBasell Industries were worth $207,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LYB. McIlrath & Eck LLC lifted its stake in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. Heritage Wealth Advisors acquired a new position in LyondellBasell Industries in the 4th quarter valued at $27,000. Chilton Capital Management LLC bought a new stake in LyondellBasell Industries during the 1st quarter valued at approximately $27,000. Gold Investment Management Ltd. bought a new position in shares of LyondellBasell Industries during the 4th quarter worth about $28,000. Finally, Beacon Capital Management LLC acquired a new position in LyondellBasell Industries during the first quarter worth $28,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LYB traded up $0.48 during trading on Friday, reaching $96.68. 627,116 shares of the company traded hands, compared to its average volume of 1,781,568. The company has a market cap of $31.48 billion, a P/E ratio of 14.87, a PEG ratio of 1.21 and a beta of 1.09. The firm has a fifty day simple moving average of $95.76 and a 200 day simple moving average of $98.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the previous year, the firm earned $2.44 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were issued a $1.34 dividend. The ex-dividend date was Monday, June 3rd. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.54%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday. Barclays boosted their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a report on Monday. Finally, Royal Bank of Canada increased their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $107.55.

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.