Weaver C. Barksdale & Associates Inc. Sells 314 Shares of LyondellBasell Industries (NYSE:LYB)

Weaver C. Barksdale & Associates Inc. trimmed its position in shares of LyondellBasell Industries (NYSE:LYB) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,534 shares of the specialty chemicals company’s stock after selling 314 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in LyondellBasell Industries were worth $1,773,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Capital World Investors bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $197,305,000. Norges Bank bought a new stake in LyondellBasell Industries in the 4th quarter valued at $82,854,000. Ilex Capital Partners UK LLP acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $61,327,000. Allianz Asset Management GmbH lifted its holdings in shares of LyondellBasell Industries by 826.1% during the 4th quarter. Allianz Asset Management GmbH now owns 409,241 shares of the specialty chemicals company’s stock worth $38,911,000 after acquiring an additional 365,050 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock valued at $2,968,726,000 after acquiring an additional 290,401 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group dropped their price target 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. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. One equities 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’s stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average price target of $107.27.

LyondellBasell Industries Trading Up 2.3 %

LYB opened at $96.09 on Friday. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The firm has a 50-day moving average price of $96.25 and a two-hundred day moving average price of $98.07. The stock has a market capitalization of $31.29 billion, a PE ratio of 14.85, a PEG ratio of 1.28 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. LyondellBasell Industries’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.44 EPS. As a group, equities analysts anticipate that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.58%. LyondellBasell Industries’s payout ratio is 82.84%.

About LyondellBasell Industries

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.