Atria Wealth Solutions Inc. Sells 549 Shares of LyondellBasell Industries (NYSE:LYB)

Atria Wealth Solutions Inc. reduced its position in LyondellBasell Industries (NYSE:LYB) by 8.3% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,062 shares of the specialty chemicals company’s stock after selling 549 shares during the period. Atria Wealth Solutions Inc.’s holdings in LyondellBasell Industries were worth $503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV grew its stake in LyondellBasell Industries by 162.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 533 shares of the specialty chemicals company’s stock valued at $50,000 after purchasing an additional 330 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of LyondellBasell Industries by 5.4% during the first quarter. Commonwealth Equity Services LLC now owns 91,145 shares of the specialty chemicals company’s stock worth $8,557,000 after acquiring an additional 4,685 shares during the last quarter. Treasurer of the State of North Carolina grew its stake in shares of LyondellBasell Industries by 1.2% during the first quarter. Treasurer of the State of North Carolina now owns 121,590 shares of the specialty chemicals company’s stock worth $11,416,000 after acquiring an additional 1,402 shares during the last quarter. Putnam Investments LLC grew its stake in shares of LyondellBasell Industries by 13.7% during the first quarter. Putnam Investments LLC now owns 41,013 shares of the specialty chemicals company’s stock worth $3,851,000 after acquiring an additional 4,935 shares during the last quarter. Finally, Cognios Beta Neutral Large Cap Fund LP purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $529,000. Hedge funds and other institutional investors own 91.41% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 483 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $99.61, for a total transaction of $48,111.63. Following the completion of the transaction, the insider now directly owns 765,996 shares in the company, valued at approximately $76,300,861.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total transaction of $975,600.00. Following the transaction, the executive vice president now owns 49,876 shares of the company’s stock, valued at approximately $4,865,902.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Ai Investments Holdings Llc sold 483 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the transaction, the insider now directly owns 765,996 shares in the company, valued at approximately $76,300,861.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

LyondellBasell Industries Stock Down 0.6 %

NYSE LYB opened at $100.04 on Monday. The business has a fifty day moving average price of $96.72 and a 200 day moving average price of $93.01. LyondellBasell Industries has a one year low of $71.46 and a one year high of $102.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.07 and a current ratio of 1.81. The company has a market cap of $32.43 billion, a P/E ratio of 15.53, a P/E/G ratio of 2.56 and a beta of 1.21.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.30 by $0.14. The firm had revenue of $10.31 billion during the quarter, compared to the consensus estimate of $10.79 billion. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. The firm’s revenue was down 30.5% compared to the same quarter last year. During the same period in the prior year, the company earned $5.19 EPS. Research analysts anticipate that LyondellBasell Industries will post 8.06 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.00%. The ex-dividend date was Friday, August 25th. LyondellBasell Industries’s payout ratio is currently 77.64%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LYB shares. Wells Fargo & Company boosted their price target on LyondellBasell Industries from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Morgan Stanley restated an “overweight” rating and set a $100.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, July 19th. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. KeyCorp upped their target price on LyondellBasell Industries from $80.00 to $85.00 and gave the company an “underweight” rating in a research report on Monday, August 7th. Finally, Barclays dropped their target price on LyondellBasell Industries from $100.00 to $95.00 in a research report on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $100.06.

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.