Independent Advisor Alliance Cuts Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Independent Advisor Alliance lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 11.2% during the third quarter, Holdings Channel.com reports. The firm owned 15,556 shares of the specialty chemicals company’s stock after selling 1,967 shares during the quarter. Independent Advisor Alliance’s holdings in LyondellBasell Industries were worth $1,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. CVA Family Office LLC boosted its stake in shares of LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries in the first quarter valued at $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $30,000. Blue Trust Inc. grew its stake in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of several recent analyst reports. Mizuho lowered their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Trading Down 2.3 %

LyondellBasell Industries stock opened at $82.14 on Wednesday. The stock has a market cap of $26.68 billion, a PE ratio of 12.50, a P/E/G ratio of 2.34 and a beta of 1.08. 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 has a 50-day moving average price of $89.57 and a 200 day moving average price of $94.00. LyondellBasell Industries has a 52 week low of $81.45 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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 net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the prior year, the firm earned $2.46 EPS. The business’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 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.