Ballentine Partners LLC Sells 160 Shares of LyondellBasell Industries (NYSE:LYB)

Ballentine Partners LLC lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,166 shares of the specialty chemicals company’s stock after selling 160 shares during the period. Ballentine Partners LLC’s holdings in LyondellBasell Industries were worth $324,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of LYB. Lantz Financial LLC increased its stake in shares of LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after buying an additional 109 shares during the period. Mutual Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 0.8% during the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $1,362,000 after purchasing an additional 111 shares during the period. Pinnacle Wealth Management Advisory Group LLC grew its stake in shares of LyondellBasell Industries by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock worth $910,000 after purchasing an additional 114 shares during the last quarter. Metis Global Partners LLC increased its holdings in LyondellBasell Industries by 0.9% in the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the period. Finally, Czech National Bank raised its position in LyondellBasell Industries by 0.3% during the 4th quarter. Czech National Bank now owns 44,879 shares of the specialty chemicals company’s stock worth $4,267,000 after purchasing an additional 116 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Mizuho boosted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Wolfe Research began coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $105.08.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $95.48 on Wednesday. LyondellBasell Industries has a 52-week low of $87.91 and a 52-week high of $107.02. The stock’s 50-day simple moving average is $98.40 and its 200 day simple moving average is $97.96. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. The stock has a market capitalization of $31.09 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.50 earnings per share. Research analysts forecast that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.61%. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio is presently 82.84%.

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.