Raymond James Financial Services Advisors Inc. Sells 2,140 Shares of LyondellBasell Industries (NYSE:LYB)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 1.9% in the 1st quarter, Holdings Channel reports. The fund owned 111,179 shares of the specialty chemicals company’s stock after selling 2,140 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in LyondellBasell Industries were worth $11,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LYB. Cambridge Investment Research Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 3.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company’s stock valued at $3,446,000 after purchasing an additional 1,095 shares in the last quarter. Xponance Inc. boosted its position in LyondellBasell Industries by 1.7% during the 3rd quarter. Xponance Inc. now owns 35,140 shares of the specialty chemicals company’s stock worth $3,328,000 after buying an additional 586 shares during the period. Dakota Wealth Management grew its holdings in LyondellBasell Industries by 6.3% during the 3rd quarter. Dakota Wealth Management now owns 3,484 shares of the specialty chemicals company’s stock worth $330,000 after acquiring an additional 208 shares during the last quarter. Brown Advisory Inc. increased its position in LyondellBasell Industries by 6.9% in the 3rd quarter. Brown Advisory Inc. now owns 2,962 shares of the specialty chemicals company’s stock valued at $281,000 after acquiring an additional 191 shares during the period. Finally, Monument Capital Management raised its stake in shares of LyondellBasell Industries by 8.1% during the third quarter. Monument Capital Management now owns 4,335 shares of the specialty chemicals company’s stock valued at $411,000 after acquiring an additional 324 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 over the last ninety days. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup increased their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating on the stock. Barclays increased their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research report on Thursday, April 4th. JPMorgan Chase & Co. boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Royal Bank of Canada increased their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $104.75.

LyondellBasell Industries Stock Up 0.3 %

LyondellBasell Industries stock traded up $0.34 during midday trading on Friday, reaching $99.12. The stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,611,830. The company has a fifty day moving average price of $101.07 and a two-hundred day moving average price of $96.71. The company has a market capitalization of $32.28 billion, a P/E ratio of 15.32, a PEG ratio of 1.42 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the company posted $2.50 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities analysts expect that LyondellBasell Industries will post 8.5 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a $1.25 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 5.04%. LyondellBasell Industries’s payout ratio is 77.28%.

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.