My Legacy Advisors LLC Has $739,000 Holdings in LyondellBasell Industries (NYSE:LYB)

My Legacy Advisors LLC lowered its position in shares of LyondellBasell Industries (NYSE:LYB) by 18.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,702 shares of the specialty chemicals company’s stock after selling 1,767 shares during the period. My Legacy Advisors LLC’s holdings in LyondellBasell Industries were worth $739,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Signaturefd LLC increased its stake in shares of LyondellBasell Industries by 6.0% in the third quarter. Signaturefd LLC now owns 5,231 shares of the specialty chemicals company’s stock valued at $502,000 after buying an additional 297 shares during the period. Sequoia Financial Advisors LLC increased its holdings in LyondellBasell Industries by 45.8% in the third quarter. Sequoia Financial Advisors LLC now owns 10,459 shares of the specialty chemicals company’s stock valued at $1,003,000 after purchasing an additional 3,284 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new position in LyondellBasell Industries during the 3rd quarter worth $674,000. Castleview Partners LLC lifted its holdings in LyondellBasell Industries by 7.2% during the 3rd quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 136 shares during the period. Finally, Gilliland Jeter Wealth Management LLC grew its position in shares of LyondellBasell Industries by 58.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock valued at $53,000 after buying an additional 203 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.7 %

LYB traded down $0.62 during midday trading on Tuesday, reaching $89.12. 663,743 shares of the company were exchanged, compared to its average volume of 1,821,493. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The company’s fifty day moving average price is $95.21 and its 200 day moving average price is $96.91. The company has a market cap of $29.02 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.32 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, analysts expect that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 6.01%. LyondellBasell Industries’s payout ratio is presently 82.84%.

Wall Street Analyst Weigh In

Several brokerages recently commented on LYB. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Royal Bank of Canada reduced their price objective on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. UBS Group cut their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Finally, Barclays dropped their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $106.33.

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.