LyondellBasell Industries (NYSE:LYB) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in LyondellBasell Industries (NYSE:LYB - Free Report) by 15.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,471 shares of the specialty chemicals company's stock after selling 17,147 shares during the period. Stephens Inc. AR's holdings in LyondellBasell Industries were worth $8,676,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC increased its stake in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after purchasing an additional 159 shares during the period. Chilton Capital Management LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter worth $27,000. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter worth $28,000. Blue Trust Inc. grew its position in shares of 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 buying an additional 227 shares in the last quarter. Finally, Matrix Trust Co bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LYB shares. Evercore ISI raised LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. Barclays dropped their price target on LyondellBasell Industries from $101.00 to $99.00 and set an "equal weight" rating on the stock in a research report on Monday, October 7th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an "overweight" rating on the stock in a research report on Friday, September 13th. Finally, UBS Group dropped their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $106.33.

LyondellBasell Industries Stock Performance

LYB stock traded down $0.29 during trading on Friday, hitting $86.56. 2,468,922 shares of the company traded hands, compared to its average volume of 1,844,423. The stock's 50-day simple moving average is $93.56 and its 200 day simple moving average is $96.01. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The company has a market cap of $28.14 billion, a PE ratio of 12.17, a P/E/G ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a 1 year low of $85.64 and a 1 year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.15). The company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.46 earnings per share. On average, equities analysts expect that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 75.39%.

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.