EverSource Wealth Advisors LLC Reduces Position in LyondellBasell Industries (NYSE:LYB)

EverSource Wealth Advisors LLC reduced its stake in LyondellBasell Industries (NYSE:LYB) by 17.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,172 shares of the specialty chemicals company’s stock after selling 244 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $117,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in LYB. Chilton Capital Management LLC acquired a new stake in shares of LyondellBasell Industries during the 1st quarter worth about $27,000. Gold Investment Management Ltd. purchased a new stake in LyondellBasell Industries in the 4th quarter worth approximately $28,000. Beacon Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at $28,000. Blue Trust Inc. lifted its stake in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Finally, Scarborough Advisors LLC acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $37,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

LYB has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. UBS Group decreased their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $107.27.

LyondellBasell Industries Trading Up 1.3 %

NYSE:LYB opened at $96.09 on Friday. The business’s 50-day moving average is $96.08 and its two-hundred day moving average is $97.90. The firm has a market capitalization of $31.24 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. LyondellBasell Industries has a 12 month low of $88.46 and a 12 month high of $107.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.23 by $0.01. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business posted $2.44 EPS. Research analysts predict that LyondellBasell Industries will post 7.94 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

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.