LyondellBasell Industries N.V. $LYB Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 58.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,566 shares of the specialty chemicals company’s stock after selling 7,875 shares during the period. Perigon Wealth Management LLC’s holdings in LyondellBasell Industries were worth $293,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jamison Private Wealth Management Inc. lifted its stake in LyondellBasell Industries by 1.6% in the first quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after buying an additional 172 shares during the last quarter. Investment Research Partners LLC grew its position in shares of LyondellBasell Industries by 4.4% during the fourth quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after acquiring an additional 214 shares during the last quarter. Ipsen Advisor Group LLC increased its holdings in shares of LyondellBasell Industries by 2.4% in the 1st quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock worth $754,000 after acquiring an additional 216 shares during the period. Rothschild Investment LLC lifted its position in LyondellBasell Industries by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after purchasing an additional 272 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in LyondellBasell Industries by 5.6% in the 3rd quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after purchasing an additional 293 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 3.3%

Shares of NYSE LYB opened at $68.23 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a market cap of $22.04 billion, a price-to-earnings ratio of -60.38, a P/E/G ratio of 0.18 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $59.53 and a 200-day simple moving average of $65.11.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the business earned $0.62 earnings per share. The firm’s revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries N.V. will post 9.39 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be given a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.0%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft lifted their target price on LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada increased their price target on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Mizuho raised their price target on LyondellBasell Industries from $62.00 to $66.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Bank of America cut their price objective on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $72.56.

LyondellBasell Industries Company Profile

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.