Atria Wealth Solutions Inc. Has $473,000 Position in LyondellBasell Industries N.V. (NYSE:LYB)

Atria Wealth Solutions Inc. lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 22.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,723 shares of the specialty chemicals company’s stock after selling 1,976 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in LyondellBasell Industries were worth $473,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vident Advisory LLC boosted its stake in LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company’s stock worth $1,197,000 after purchasing an additional 131 shares in the last quarter. NewSquare Capital LLC boosted its stake in LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after purchasing an additional 193 shares in the last quarter. Forza Wealth Management LLC boosted its stake in LyondellBasell Industries by 1.6% in the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after purchasing an additional 200 shares in the last quarter. TCW Group Inc. boosted its stake in LyondellBasell Industries by 1.1% in the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after purchasing an additional 202 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in LyondellBasell Industries by 1.1% in the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after purchasing an additional 209 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. UBS Group reduced their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating on the stock in a research note on Thursday, August 7th. Barclays cut their price target on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 1st. Wells Fargo & Company cut their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Fermium Researc raised LyondellBasell Industries to a “strong-buy” rating in a research note on Friday, April 25th. Finally, BMO Capital Markets cut their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $63.08.

LyondellBasell Industries Trading Up 5.3%

NYSE:LYB opened at $52.91 on Thursday. LyondellBasell Industries N.V. has a 1-year low of $47.55 and a 1-year high of $99.36. The business’s 50-day moving average price is $59.16 and its two-hundred day moving average price is $63.88. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $17.02 billion, a price-to-earnings ratio of 68.72, a PEG ratio of 3.26 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company posted $2.24 EPS. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

About LyondellBasell Industries

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.