LyondellBasell Industries (NYSE:LYB) Stock Holdings Cut by SPC Financial Inc.

SPC Financial Inc. cut its position in shares of LyondellBasell Industries (NYSE:LYB) by 3.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 6,207 shares of the specialty chemicals company’s stock after selling 200 shares during the quarter. SPC Financial Inc.’s holdings in LyondellBasell Industries were worth $594,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lantz Financial LLC grew its holdings in LyondellBasell Industries by 3.6% during the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after acquiring an additional 109 shares during the period. Verdence Capital Advisors LLC boosted its position in shares of LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares in the last quarter. RDA Financial Network grew its stake in shares of LyondellBasell Industries by 3.9% in the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 122 shares during the last quarter. Ignite Planners LLC raised its holdings in shares of LyondellBasell Industries by 1.6% in the 2nd quarter. Ignite Planners LLC now owns 8,582 shares of the specialty chemicals company’s stock worth $803,000 after purchasing an additional 132 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators raised its holdings in shares of LyondellBasell Industries by 3.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 4,055 shares of the specialty chemicals company’s stock worth $388,000 after purchasing an additional 132 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on LYB. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. 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 report on Monday, August 5th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, UBS Group cut their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $95.82 on Wednesday. The company has a market capitalization of $31.20 billion, a PE ratio of 14.81, a PEG ratio of 1.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The company’s 50 day moving average price is $95.99 and its 200 day moving average price is $97.76. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The business had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same period in the previous year, the company posted $2.44 EPS. LyondellBasell Industries’s revenue was up 2.4% on a year-over-year basis. Research analysts expect that LyondellBasell Industries will post 7.94 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.59%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 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.