1 week Ago By ABMN Staff
SVB Wealth LLC reduced its stake in LyondellBasell Industries ( NYSE:LYB – Free Report ) by 7.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,269 shares of the specialty chemicals company’s stock after selling 1,550 shares during the period.
SVB Wealth LLC’s holdings in LyondellBasell Industries were worth $1,748,000 as of its most recent filing with the Securities and Exchange Commission. Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $27,000.
Beacon Capital Management LLC acquired a new position in LyondellBasell Industries during the first quarter valued at approximately $28,000. Heritage Wealth Advisors acquired a new position in LyondellBasell Industries during the fourth quarter valued at approximately $27,000. Gold Investment Management Ltd.
acquired a new position in LyondellBasell Industries during the fourth quarter valued at approximately $28,000. Finally, Blue Trust Inc. raised its position in LyondellBasell Industries by 311.
0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares in the last quarter.
71.20% of the stock is currently owned by institutional investors. LyondellBasell Industries Stock Performance Shares of LyondellBasell Industries stock opened at $93.
49 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.
10 and a debt-to-equity ratio of 0.82. LyondellBasell Industries has a twelve month low of $88.
46 and a twelve month high of $107.02. The stock has a market cap of $30.
39 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.28 and a beta of 1.
07. The company’s fifty day moving average is $96.24 and its 200 day moving average is $98.
37. LyondellBasell Industries Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a dividend of $1.
34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.
36 dividend on an annualized basis and a yield of 5.73%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.
84%. Analyst Upgrades and Downgrades Several research analysts have commented on LYB shares. Wells Fargo & Company lowered their price objective on shares of LyondellBasell Industries from $117.
00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, August 5th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th.
Deutsche Bank Aktiengesellschaft boosted their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th.
UBS Group lowered their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th.
Finally, JPMorgan Chase & Co. upped their price target on shares of LyondellBasell Industries from $110.00 to $113.
00 and gave the stock an “overweight” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.
com, the company presently has an average rating of “Hold” and a consensus price target of $107.55. Read Our Latest Stock Report on LYB LyondellBasell Industries Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries ( NYSE:LYB – Free Report ). Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.
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