LyondellBasell Industries (NYSE:LYB) Shares Sold by Truvestments Capital LLC

Truvestments Capital LLC lessened its holdings in LyondellBasell Industries (NYSE:LYB) by 90.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 326 shares of the specialty chemicals company’s stock after selling 2,943 shares during the period. Truvestments Capital LLC’s holdings in LyondellBasell Industries were worth $31,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares in the last quarter. Beacon Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter valued at $28,000. Matrix Trust Co acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $30,000. Blue Trust Inc. lifted its position in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter valued at about $31,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.1 %

Shares of LyondellBasell Industries stock opened at $83.04 on Thursday. The stock has a 50 day moving average of $89.36 and a 200 day moving average of $93.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market capitalization of $26.97 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 2.35 and a beta of 1.08. LyondellBasell Industries has a fifty-two week low of $81.45 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.46 earnings per share. As a group, research analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date is Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is 81.58%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LYB. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Royal Bank of Canada reduced their target price on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Finally, Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $101.70.

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.