LyondellBasell Industries (NYSE:LYB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. decreased its stake in shares of LyondellBasell Industries (NYSE:LYB) by 30.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,498 shares of the specialty chemicals company’s stock after selling 2,894 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in LyondellBasell Industries were worth $623,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LYB. CVA Family Office LLC increased its stake 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 valued at $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter valued at $30,000. Blue Trust Inc. increased 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 valued at $31,000 after purchasing an additional 227 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $31,000. Finally, Independence Bank of Kentucky lifted its holdings in shares of LyondellBasell Industries by 125.6% in the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 216 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $74.80 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The stock has a market capitalization of $24.29 billion, a P/E ratio of 11.39, a P/E/G ratio of 2.16 and a beta of 1.05. The business has a 50-day moving average of $84.15 and a two-hundred day moving average of $91.68. LyondellBasell Industries has a fifty-two week low of $74.60 and a fifty-two week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the previous year, the company earned $2.46 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.17%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LYB. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, December 10th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $97.36.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

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.