IVC Wealth Advisors LLC Cuts Position in LyondellBasell Industries (NYSE:LYB)

IVC Wealth Advisors LLC decreased its stake in LyondellBasell Industries (NYSE:LYB) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,784 shares of the specialty chemicals company’s stock after selling 982 shares during the period. IVC Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $1,034,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LYB. Wealthcare Advisory Partners LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $325,000. Founders Financial Securities LLC acquired a new stake in LyondellBasell Industries in the first quarter valued at $371,000. LVW Advisors LLC grew its holdings in LyondellBasell Industries by 60.4% in the first quarter. LVW Advisors LLC now owns 7,667 shares of the specialty chemicals company’s stock valued at $784,000 after purchasing an additional 2,888 shares during the last quarter. Aviance Capital Partners LLC increased its position in shares of LyondellBasell Industries by 1.4% in the first quarter. Aviance Capital Partners LLC now owns 13,126 shares of the specialty chemicals company’s stock valued at $1,343,000 after buying an additional 179 shares in the last quarter. Finally, Denali Advisors LLC raised its stake in shares of LyondellBasell Industries by 2.5% during the 1st quarter. Denali Advisors LLC now owns 8,341 shares of the specialty chemicals company’s stock worth $853,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada dropped their price objective on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. UBS Group reduced their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price target on 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, Wells Fargo & Company cut their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.33.

LyondellBasell Industries Stock Down 1.1 %

LYB opened at $87.50 on Monday. LyondellBasell Industries has a 12 month low of $87.41 and a 12 month high of $107.02. The business has a 50-day moving average of $94.55 and a two-hundred day moving average of $96.47. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The stock has a market capitalization of $28.49 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last released its earnings results 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. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.44 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 7.53 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.13%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 82.84%.

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.