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

Independent Advisor Alliance trimmed its position in shares of LyondellBasell Industries (NYSE:LYB) by 11.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. 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 purchasing an additional 159 shares during the period. Beacon Capital Management LLC purchased a new position in LyondellBasell Industries in the 1st quarter valued at approximately $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $30,000. Blue Trust Inc. grew its stake in shares of LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $31,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Down 2.3 %

Shares of LyondellBasell Industries stock opened at $82.14 on Wednesday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company has a market capitalization of $26.68 billion, a P/E ratio of 12.50, a PEG ratio of 2.34 and a beta of 1.08. LyondellBasell Industries has a 1 year low of $81.45 and a 1 year high of $107.02. The company’s fifty day moving average is $89.57 and its two-hundred day moving average is $94.00.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the business earned $2.46 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. Analysts forecast that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid 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 is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays lowered their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada lowered their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Piper Sandler lowered their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. Finally, StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $101.70.

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.