Atria Wealth Solutions Inc. Sells 2,871 Shares of LyondellBasell Industries N.V. $LYB

Atria Wealth Solutions Inc. reduced its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 42.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,852 shares of the specialty chemicals company’s stock after selling 2,871 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in LyondellBasell Industries were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LYB. Astoria Portfolio Advisors LLC. raised its holdings in LyondellBasell Industries by 42.7% during the second quarter. Astoria Portfolio Advisors LLC. now owns 5,318 shares of the specialty chemicals company’s stock valued at $323,000 after acquiring an additional 1,590 shares during the period. MGO One Seven LLC raised its holdings in LyondellBasell Industries by 20.1% during the second quarter. MGO One Seven LLC now owns 7,908 shares of the specialty chemicals company’s stock valued at $458,000 after acquiring an additional 1,324 shares during the period. Cypress Capital Group raised its holdings in LyondellBasell Industries by 97.6% during the second quarter. Cypress Capital Group now owns 53,216 shares of the specialty chemicals company’s stock valued at $3,079,000 after acquiring an additional 26,291 shares during the period. Advocate Group LLC increased its holdings in shares of LyondellBasell Industries by 8.1% in the second quarter. Advocate Group LLC now owns 66,455 shares of the specialty chemicals company’s stock worth $3,845,000 after purchasing an additional 4,995 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of LyondellBasell Industries by 48.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 48,625 shares of the specialty chemicals company’s stock worth $2,817,000 after purchasing an additional 15,779 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Down 0.0%

LyondellBasell Industries stock opened at $45.20 on Thursday. LyondellBasell Industries N.V. has a twelve month low of $44.87 and a twelve month high of $89.50. The business has a fifty day moving average of $51.64 and a two-hundred day moving average of $56.00. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm has a market cap of $14.54 billion, a P/E ratio of 58.70 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company earned $2.24 earnings per share. LyondellBasell Industries’s revenue was down 11.8% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 12.1%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Insiders Place Their Bets

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LYB shares. Bank of America reduced their target price on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Mizuho dropped their price target on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Evercore ISI dropped their price target on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 5th. Finally, Citigroup dropped their price target on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $58.56.

LyondellBasell Industries 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.