Lloyd Advisory Services LLC. Decreases Stock Holdings in LyondellBasell Industries (NYSE:LYB)

Lloyd Advisory Services LLC. reduced its holdings in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 75.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,127 shares of the specialty chemicals company's stock after selling 9,858 shares during the quarter. Lloyd Advisory Services LLC.'s holdings in LyondellBasell Industries were worth $299,000 at the end of the most recent quarter.

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Several other institutional investors also recently bought and sold shares of the business. Savant Capital LLC grew its stake in LyondellBasell Industries by 216.9% during the second quarter. Savant Capital LLC now owns 10,521 shares of the specialty chemicals company's stock worth $1,006,000 after buying an additional 7,201 shares during the period. Private Advisor Group LLC lifted its position in shares of LyondellBasell Industries by 13.8% during the second quarter. Private Advisor Group LLC now owns 13,326 shares of the specialty chemicals company's stock worth $1,275,000 after purchasing an additional 1,615 shares in the last quarter. Hourglass Capital LLC lifted its position in shares of LyondellBasell Industries by 11.6% during the second quarter. Hourglass Capital LLC now owns 69,237 shares of the specialty chemicals company's stock worth $6,623,000 after purchasing an additional 7,220 shares in the last quarter. Arizona State Retirement System lifted its position in shares of LyondellBasell Industries by 1.4% during the second quarter. Arizona State Retirement System now owns 75,477 shares of the specialty chemicals company's stock worth $7,220,000 after purchasing an additional 1,011 shares in the last quarter. Finally, VELA Investment Management LLC lifted its position in shares of LyondellBasell Industries by 33.1% during the second quarter. VELA Investment Management LLC now owns 4,839 shares of the specialty chemicals company's stock worth $463,000 after purchasing an additional 1,203 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the topic of a number of recent research reports. Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating on the stock 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 on the stock in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a "hold" rating in a report on Tuesday, August 6th. Finally, JPMorgan Chase & Co. upped their price target 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. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $107.55.

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Read Our Latest Report on LYB

LyondellBasell Industries Stock Down 0.8 %

Shares of NYSE:LYB opened at $93.48 on Friday. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.33 and a beta of 1.07. LyondellBasell Industries has a 1-year low of $88.46 and a 1-year high of $107.02. The company's fifty day moving average is $96.24 and its two-hundred day moving average is $98.34. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

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LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its 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. The company had revenue of $10.56 billion for the quarter, compared to analysts' expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.44 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 8.11 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.73%. LyondellBasell Industries's dividend payout ratio (DPR) 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.

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