Weaver C. Barksdale & Associates Inc. Sells 314 Shares of LyondellBasell Industries (NYSE:LYB)

Weaver C. Barksdale & Associates Inc. reduced its stake in LyondellBasell Industries (NYSE:LYB) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 18,534 shares of the specialty chemicals company’s stock after selling 314 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in LyondellBasell Industries were worth $1,773,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LYB. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the first quarter worth about $27,000. Beacon Capital Management LLC bought a new position in LyondellBasell Industries during the 1st quarter worth approximately $28,000. Heritage Wealth Advisors bought a new position in LyondellBasell Industries during the 4th quarter worth approximately $27,000. Gold Investment Management Ltd. acquired a new position in LyondellBasell Industries during the fourth quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $96.09 on Friday. The firm has a market capitalization of $31.29 billion, a P/E ratio of 14.85, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm’s fifty day moving average price is $96.25 and its two-hundred day moving average price is $98.07. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same period in the prior year, the firm earned $2.44 EPS. LyondellBasell Industries’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, research analysts anticipate that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.58%. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. UBS Group dropped their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $107.27.

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.