LyondellBasell Industries (NYSE:LYB) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. reduced its position in shares of LyondellBasell Industries (NYSE:LYB) by 6.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,470 shares of the specialty chemicals company’s stock after selling 630 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in LyondellBasell Industries were worth $810,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in LYB. Lantz Financial LLC grew its holdings in shares of LyondellBasell Industries by 3.6% during the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 109 shares during the last quarter. Verdence Capital Advisors LLC increased its position in LyondellBasell Industries by 0.9% in the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock worth $1,330,000 after buying an additional 120 shares during the period. RDA Financial Network lifted its stake in LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after buying an additional 122 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 11.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,228 shares of the specialty chemicals company’s stock valued at $117,000 after acquiring an additional 125 shares during the period. Finally, Latitude Advisors LLC grew its position in shares of LyondellBasell Industries by 5.3% during the first quarter. Latitude Advisors LLC now owns 2,606 shares of the specialty chemicals company’s stock worth $267,000 after acquiring an additional 132 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LYB. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. JPMorgan Chase & Co. decreased their price objective on 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 cut their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, UBS Group reduced their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Trading Down 2.1 %

Shares of LYB stock opened at $94.04 on Friday. The stock has a 50-day simple moving average of $96.23 and a 200 day simple moving average of $98.02. The stock has a market capitalization of $30.62 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.44 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.70%. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

LyondellBasell Industries Company 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.