International Private Wealth Advisors LLC Sells 124 Shares of LyondellBasell Industries (NYSE:LYB)

International Private Wealth Advisors LLC decreased its position in LyondellBasell Industries (NYSE:LYB) by 4.1% during the 3rd quarter, Holdings Channel reports. The firm owned 2,930 shares of the specialty chemicals company’s stock after selling 124 shares during the period. International Private Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $281,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. CVA Family Office LLC lifted its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after buying an additional 159 shares during the period. Beacon Capital Management LLC bought a new position in LyondellBasell Industries in the first quarter worth $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries during the third quarter valued at $30,000. Blue Trust Inc. grew its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at about $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on LYB shares. Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 5th. Deutsche Bank Aktiengesellschaft cut their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho lowered their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $101.70.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $0.50 during midday trading on Thursday, hitting $82.94. The company had a trading volume of 169,954 shares, compared to its average volume of 1,860,872. The company has a fifty day simple moving average of $91.58 and a 200 day simple moving average of $95.15. The stock has a market cap of $26.94 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $82.70 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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 firm had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.46 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 7.09 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. Stockholders of record on Monday, August 26th were paid a dividend of $1.34 per share. 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 6.46%. LyondellBasell Industries’s payout ratio is 81.58%.

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.