Elevated Capital Advisors LLC Sells 206 Shares of LyondellBasell Industries (NYSE:LYB)

Elevated Capital Advisors LLC reduced its stake in shares of LyondellBasell Industries (NYSE:LYB) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 12,050 shares of the specialty chemicals company’s stock after selling 206 shares during the period. Elevated Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $1,156,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LYB. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the period. Chilton Capital Management LLC bought a new position in LyondellBasell Industries during the 1st quarter worth about $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the first quarter valued at about $28,000. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 311.0% during the second 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, Matrix Trust Co bought a new position in shares of LyondellBasell Industries during the third quarter worth about $30,000. Institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the topic of several research reports. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. UBS Group reduced their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Royal Bank of Canada lowered their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Barclays cut their price target on shares of 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. Finally, JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $106.33.

LyondellBasell Industries Stock Down 0.3 %

Shares of LYB stock opened at $89.50 on Wednesday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The stock has a market cap of $29.14 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.32 and a beta of 1.07. The firm’s 50-day moving average is $95.07 and its 200-day moving average is $96.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same quarter in the previous year, the business earned $2.44 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries will post 7.8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 5.99%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 82.84%.

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.