Securian Asset Management Inc. Sells 383 Shares of LyondellBasell Industries (NYSE:LYB)

Securian Asset Management Inc. trimmed its position in LyondellBasell Industries (NYSE:LYB) by 2.5% during the second quarter, HoldingsChannel.com reports. The fund owned 14,664 shares of the specialty chemicals company’s stock after selling 383 shares during the quarter. Securian Asset Management Inc.’s holdings in LyondellBasell Industries were worth $1,403,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in LYB. Spire Wealth Management raised its holdings in shares of LyondellBasell Industries by 4.2% during the 1st quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock worth $259,000 after buying an additional 102 shares in the last quarter. Lantz Financial LLC lifted its holdings in shares of LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock worth $325,000 after acquiring an additional 109 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of LyondellBasell Industries by 1.2% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 114 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of LyondellBasell Industries by 0.9% during the 4th quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock valued at $1,261,000 after purchasing an additional 115 shares during the last quarter. Finally, RDA Financial Network increased its position in LyondellBasell Industries by 3.9% during the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 122 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Barclays boosted their target price on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Monday, May 6th. Royal Bank of Canada upped their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. BMO Capital Markets boosted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a report on Tuesday, April 30th. JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $110.00 to $113.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, UBS Group reduced their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $107.55.

LyondellBasell Industries Trading Down 1.1 %

Shares of LYB traded down $1.10 during trading hours on Monday, hitting $95.76. 445,672 shares of the stock were exchanged, compared to its average volume of 1,778,119. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The business has a 50-day moving average of $95.71 and a 200-day moving average of $98.17. The firm has a market capitalization of $31.18 billion, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last issued 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 19.31% and a net margin of 5.20%. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period last year, the business posted $2.44 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts expect that LyondellBasell Industries will post 8.3 EPS for the current year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.60%. LyondellBasell Industries’s payout ratio is 82.84%.

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.