Walled Lake Planning & Wealth Management LLC Decreases Stock Position in LyondellBasell Industries N.V. (NYSE:LYB)

Walled Lake Planning & Wealth Management LLC reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,534 shares of the specialty chemicals company’s stock after selling 370 shares during the quarter. Walled Lake Planning & Wealth Management LLC’s holdings in LyondellBasell Industries were worth $2,854,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. XTX Topco Ltd lifted its position in shares of LyondellBasell Industries by 18.3% in the first quarter. XTX Topco Ltd now owns 30,705 shares of the specialty chemicals company’s stock valued at $2,162,000 after acquiring an additional 4,743 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at $583,000. Federated Hermes Inc. lifted its position in shares of LyondellBasell Industries by 12.7% in the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock valued at $333,994,000 after acquiring an additional 534,456 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in shares of LyondellBasell Industries by 39.7% in the first quarter. Meeder Advisory Services Inc. now owns 5,988 shares of the specialty chemicals company’s stock valued at $422,000 after acquiring an additional 1,702 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its position in LyondellBasell Industries by 30.3% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 13,094 shares of the specialty chemicals company’s stock worth $922,000 after buying an additional 3,045 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Argus downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Barclays reduced their target price on LyondellBasell Industries from $72.00 to $62.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada increased their target price on LyondellBasell Industries from $61.00 to $64.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 3rd. Mizuho increased their target price on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Monday, April 28th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $66.00.

LyondellBasell Industries Trading Down 1.7%

Shares of LYB opened at $62.90 on Tuesday. The company has a market capitalization of $20.22 billion, a P/E ratio of 19.41, a P/E/G ratio of 3.75 and a beta of 0.82. LyondellBasell Industries N.V. has a one year low of $51.11 and a one year high of $100.46. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.04 and a current ratio of 1.83. The stock has a 50-day moving average price of $60.02 and a 200 day moving average price of $65.69.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to analysts’ expectations of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. The company’s revenue for the quarter was down 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.53 EPS. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a $1.37 dividend. The ex-dividend date was Monday, June 2nd. This represents a $5.48 dividend on an annualized basis and a yield of 8.71%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.34. LyondellBasell Industries’s dividend payout ratio is currently 169.14%.

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.