Wealth Enhancement Advisory Services LLC Sells 12,824 Shares of LyondellBasell Industries N.V. $LYB

Wealth Enhancement Advisory Services LLC decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 23.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,980 shares of the specialty chemicals company’s stock after selling 12,824 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,112,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. MTM Investment Management LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at approximately $26,000. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth $26,000. Capital A Wealth Management LLC grew its stake in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares in the last quarter. Hilltop National Bank bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $29,000. Finally, EMC Capital Management purchased a new stake in LyondellBasell Industries in the 2nd quarter worth $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LYB shares. Citigroup raised their price objective on LyondellBasell Industries from $40.00 to $46.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Evercore ISI cut their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a report on Tuesday, November 11th. Fermium Researc cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group reduced their price target on shares of LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $52.42.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of LyondellBasell Industries stock in a transaction dated Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. This represents a 9.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Down 1.1%

LYB stock opened at $49.90 on Friday. LyondellBasell Industries N.V. has a twelve month low of $41.58 and a twelve month high of $79.10. The stock has a market capitalization of $16.06 billion, a price-to-earnings ratio of -13.31 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The firm’s fifty day simple moving average is $46.41 and its two-hundred day simple moving average is $49.85.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business earned $1.88 EPS. As a group, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s payout ratio is -146.13%.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.