HBW Advisory Services LLC Has $2.43 Million Position in LyondellBasell Industries (NYSE:LYB)

HBW Advisory Services LLC decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,357 shares of the specialty chemicals company’s stock after selling 237 shares during the quarter. HBW Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,432,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the stock. Rockland Trust Co. lifted its stake in LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock valued at $1,253,000 after buying an additional 112 shares during the period. Czech National Bank increased its stake in shares of LyondellBasell Industries by 8.1% in the 3rd quarter. Czech National Bank now owns 52,979 shares of the specialty chemicals company’s stock valued at $5,081,000 after acquiring an additional 3,960 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 122 shares during the period. Verity & Verity LLC boosted its stake in LyondellBasell Industries by 0.9% during the 2nd quarter. Verity & Verity LLC now owns 107,444 shares of the specialty chemicals company’s stock worth $10,278,000 after acquiring an additional 915 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in LyondellBasell Industries by 110.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,290 shares of the specialty chemicals company’s stock valued at $123,000 after purchasing an additional 676 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. reduced 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. Finally, UBS Group dropped their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $107.27.

LyondellBasell Industries Price Performance

LYB stock traded up $1.25 during midday trading on Friday, reaching $96.12. 952,186 shares of the stock were exchanged, compared to its average volume of 1,826,721. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock has a market capitalization of $31.30 billion, a PE ratio of 14.66, a P/E/G ratio of 1.29 and a beta of 1.07. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a fifty day moving average price of $95.96 and a 200 day moving average price of $97.72.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) 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 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 firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.44 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 7.94 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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