HBW Advisory Services LLC Reduces Stake in LyondellBasell Industries (NYSE:LYB)

HBW Advisory Services LLC trimmed its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 0.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,357 shares of the specialty chemicals company’s stock after selling 237 shares during the period. HBW Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,432,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Chilton Capital Management LLC purchased a new stake in LyondellBasell Industries in the 1st quarter valued at $27,000. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth $28,000. Blue Trust Inc. boosted its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares during the period. Scarborough Advisors LLC acquired a new position in LyondellBasell Industries during the 4th quarter worth $37,000. Finally, Independence Bank of Kentucky raised its position in LyondellBasell Industries by 125.6% in the 2nd quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after purchasing an additional 216 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 1.3 %

Shares of NYSE LYB traded up $1.25 during mid-day trading on Friday, reaching $96.12. The company had a trading volume of 952,186 shares, compared to its average volume of 1,826,721. The stock has a fifty day moving average of $95.96 and a two-hundred day moving average of $97.72. LyondellBasell Industries has a 12-month low of $88.46 and a 12-month high of $107.02. The company has a market capitalization of $31.30 billion, a price-to-earnings ratio of 14.66, 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.

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 analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter last year, the firm earned $2.44 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, equities research analysts expect that LyondellBasell Industries will post 7.94 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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 payout ratio is 82.84%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of analyst reports. Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Evercore ISI raised LyondellBasell Industries to a “hold” rating 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 research report on Friday, September 13th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $107.27.

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.