B. Riley Wealth Advisors Inc. Sells 2,894 Shares of LyondellBasell Industries (NYSE:LYB)

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 filing with the SEC. The firm owned 6,498 shares of the specialty chemicals company’s stock after selling 2,894 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in LyondellBasell Industries were worth $623,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Jacobs Levy Equity Management Inc. increased its stake in LyondellBasell Industries by 211.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,283,163 shares of the specialty chemicals company’s stock valued at $123,055,000 after acquiring an additional 871,708 shares during the period. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after purchasing an additional 579,300 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock valued at $769,500,000 after purchasing an additional 362,671 shares during the period. Ensign Peak Advisors Inc raised its stake in shares of LyondellBasell Industries by 80.7% in the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock valued at $74,523,000 after purchasing an additional 347,877 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after purchasing an additional 293,622 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.8 %

Shares of NYSE:LYB opened at $74.80 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a market cap 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. LyondellBasell Industries has a 12 month low of $74.60 and a 12 month high of $107.02. The company’s 50-day moving average price is $84.15 and its two-hundred day moving average price is $91.68.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the company earned $2.46 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. As a group, research analysts forecast 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. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.17%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 81.58%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the transaction, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LYB shares. Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $97.36.

LyondellBasell Industries Company 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.