Tidal Investments LLC Sells 3,171 Shares of LyondellBasell Industries (NYSE:LYB)

Tidal Investments LLC reduced its stake in LyondellBasell Industries (NYSE:LYB) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,196 shares of the specialty chemicals company’s stock after selling 3,171 shares during the period. Tidal Investments LLC’s holdings in LyondellBasell Industries were worth $3,089,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth about $27,000. McIlrath & Eck LLC raised its position in LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $27,000. Gold Investment Management Ltd. purchased a new position in LyondellBasell Industries during the 4th quarter worth $28,000. Finally, Venturi Wealth Management LLC grew its stake in LyondellBasell Industries by 410.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 242 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on LYB. Barclays upped their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Deutsche Bank Aktiengesellschaft increased their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. UBS Group dropped their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada raised their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. Finally, Mizuho lifted their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $105.17.

LyondellBasell Industries Price Performance

NYSE:LYB traded down $1.54 on Thursday, reaching $97.92. The stock had a trading volume of 400,781 shares, compared to its average volume of 1,770,197. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The stock has a fifty day moving average price of $96.07 and a 200-day moving average price of $98.05. The company has a market capitalization of $31.88 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

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 paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s dividend payout ratio is presently 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.