Wealth Enhancement Advisory Services LLC Has $4.31 Million Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Wealth Enhancement Advisory Services LLC cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 71.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,241 shares of the specialty chemicals company’s stock after selling 154,901 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in LyondellBasell Industries were worth $4,311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vident Advisory LLC increased its holdings in LyondellBasell Industries by 0.8% during the 4th quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company’s stock worth $1,197,000 after acquiring an additional 131 shares during the period. NewSquare Capital LLC boosted its stake in shares of LyondellBasell Industries by 0.3% in the 1st quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock valued at $4,932,000 after purchasing an additional 193 shares in the last quarter. Lazard Asset Management LLC raised its holdings in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 214 shares during the last quarter. Portside Wealth Group LLC raised its holdings in LyondellBasell Industries by 2.9% during the 1st quarter. Portside Wealth Group LLC now owns 7,972 shares of the specialty chemicals company’s stock valued at $592,000 after buying an additional 223 shares during the last quarter. Finally, Vise Technologies Inc. raised its holdings in LyondellBasell Industries by 6.7% during the 4th quarter. Vise Technologies Inc. now owns 3,701 shares of the specialty chemicals company’s stock valued at $275,000 after buying an additional 234 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Argus lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. Fermium Researc raised shares of LyondellBasell Industries to a “strong-buy” rating in a report on Friday, April 25th. UBS Group restated a “sell” rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Citigroup dropped their price objective on shares of LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Finally, Barclays dropped their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a report on Thursday, May 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $69.75.

LyondellBasell Industries Price Performance

LYB stock opened at $58.29 on Friday. The business has a 50 day moving average price of $57.99 and a 200 day moving average price of $67.54. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.14 and a beta of 0.82. LyondellBasell Industries N.V. has a fifty-two week low of $51.11 and a fifty-two week high of $100.46. The company has a quick ratio of 1.04, a current ratio of 1.83 and a debt-to-equity ratio of 0.87.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The company had revenue of $7.68 billion for the quarter, compared to analysts’ expectations of $7.69 billion. During the same quarter last year, the company earned $1.53 EPS. LyondellBasell Industries’s revenue for the quarter was down 7.6% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.40%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 169.14%.

LyondellBasell Industries 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.