LyondellBasell Industries (NYSE:LYB) Holdings Trimmed by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its position in shares of LyondellBasell Industries (NYSE:LYB – Get Rating) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,782 shares of the specialty chemicals company’s stock after selling 601 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in LyondellBasell Industries were worth $2,393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Blair William & Co. IL grew its stake in LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after buying an additional 107 shares during the last quarter. Mutual Advisors LLC grew its stake in LyondellBasell Industries by 1.0% during the second quarter. Mutual Advisors LLC now owns 11,033 shares of the specialty chemicals company’s stock worth $965,000 after buying an additional 111 shares during the last quarter. Covestor Ltd grew its stake in LyondellBasell Industries by 33.9% during the first quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after buying an additional 113 shares during the last quarter. Heron Financial Group LLC grew its stake in LyondellBasell Industries by 0.6% during the third quarter. Heron Financial Group LLC now owns 20,193 shares of the specialty chemicals company’s stock worth $1,520,000 after buying an additional 125 shares during the last quarter. Finally, FORVIS Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 4.0% during the third quarter. FORVIS Wealth Advisors LLC now owns 3,380 shares of the specialty chemicals company’s stock worth $254,000 after purchasing an additional 130 shares in the last quarter. 91.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Credit Suisse Group upgraded shares of LyondellBasell Industries from an “underperform” rating to an “outperform” rating and set a $109.00 target price on the stock in a research report on Monday, February 6th. UBS Group upped their target price on shares of LyondellBasell Industries from $81.00 to $91.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 11th. Atlantic Securities upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and set a $110.00 target price on the stock in a research report on Tuesday, January 31st. KeyCorp reduced their target price on shares of LyondellBasell Industries from $85.00 to $74.00 and set an “underweight” rating on the stock in a research report on Thursday. Finally, StockNews.com initiated coverage on shares of LyondellBasell Industries in a report on Thursday. They issued a “hold” rating on the stock. Three analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $98.95.

Insider Transactions at LyondellBasell Industries

In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $98.99, for a total transaction of $989,900.00. Following the completion of the sale, the executive vice president now owns 47,600 shares of the company’s stock, valued at $4,711,924. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

LyondellBasell Industries Stock Down 0.4 %

Shares of NYSE:LYB opened at $84.68 on Friday. LyondellBasell Industries has a 52 week low of $71.46 and a 52 week high of $117.22. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.04 and a current ratio of 1.75. The company has a market capitalization of $27.60 billion, a PE ratio of 7.18, a PEG ratio of 1.21 and a beta of 1.21. The company has a 50 day moving average price of $94.41 and a two-hundred day moving average price of $85.92.

LyondellBasell Industries (NYSE:LYB – Get Rating) last issued its quarterly earnings data on Friday, February 3rd. The specialty chemicals company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.20. LyondellBasell Industries had a net margin of 7.71% and a return on equity of 32.96%. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $10.73 billion. During the same quarter in the prior year, the firm earned $3.63 earnings per share. The firm’s revenue was down 20.5% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries will post 9.01 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, March 6th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend was Friday, March 3rd. LyondellBasell Industries’s dividend payout ratio is 40.34%.

About LyondellBasell Industries

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LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.