LyondellBasell Industries (NYSE:LYB) Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC decreased its position in shares of LyondellBasell Industries (NYSE:LYB) by 24.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,238 shares of the specialty chemicals company’s stock after selling 1,058 shares during the period. Kingswood Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $331,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC lifted its stake in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. Heritage Wealth Advisors acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth about $27,000. Gold Investment Management Ltd. acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth about $28,000. Venturi Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 410.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 242 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Citigroup boosted their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wolfe Research initiated coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating for the company. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday, April 29th. Finally, Barclays boosted their price objective on LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a report on Monday, May 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $105.08.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $95.66 on Friday. LyondellBasell Industries has a 12-month low of $87.91 and a 12-month high of $107.02. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13. The business has a 50 day simple moving average of $98.15 and a 200 day simple moving average of $97.95. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period in the prior year, the company posted $2.50 EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 5.60%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio is 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.