Martin Capital Partners LLC Sells 844 Shares of LyondellBasell Industries (NYSE:LYB)

Martin Capital Partners LLC lowered its stake in LyondellBasell Industries (NYSE:LYB) by 5.4% during the first quarter, Holdings Channel reports. The firm owned 14,792 shares of the specialty chemicals company’s stock after selling 844 shares during the period. Martin Capital Partners LLC’s holdings in LyondellBasell Industries were worth $1,041,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of LYB. Apollon Wealth Management LLC boosted its stake in LyondellBasell Industries by 56.4% in the fourth quarter. Apollon Wealth Management LLC now owns 5,503 shares of the specialty chemicals company’s stock valued at $409,000 after buying an additional 1,984 shares in the last quarter. Empirical Finance LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at about $417,000. WCM Investment Management LLC acquired a new stake in LyondellBasell Industries in the fourth quarter valued at about $2,593,000. Kestra Private Wealth Services LLC boosted its stake in shares of LyondellBasell Industries by 8.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 37,683 shares of the specialty chemicals company’s stock valued at $2,799,000 after purchasing an additional 2,806 shares in the last quarter. Finally, Savant Capital LLC boosted its stake in shares of LyondellBasell Industries by 100.1% during the fourth quarter. Savant Capital LLC now owns 15,721 shares of the specialty chemicals company’s stock valued at $1,168,000 after purchasing an additional 7,866 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. BMO Capital Markets cut their price target on LyondellBasell Industries from $71.00 to $65.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. UBS Group reissued a “sell” rating and set a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a “sell” rating on the stock in a research note on Monday, April 28th. Finally, Citigroup cut their price objective on LyondellBasell Industries from $66.00 to $58.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $69.75.

LyondellBasell Industries Trading Up 3.7%

Shares of LYB stock opened at $60.62 on Wednesday. The company has a market cap of $19.48 billion, a P/E ratio of 14.64, a PEG ratio of 0.97 and a beta of 0.82. The stock has a 50 day simple moving average of $57.38 and a two-hundred day simple moving average of $69.25. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a fifty-two week low of $51.11 and a fifty-two week high of $100.46.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.03). The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. The company’s revenue was down 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.53 EPS. Research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were given a dividend of $1.37 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.34. The ex-dividend date was Monday, June 2nd. This represents a $5.48 annualized dividend and a dividend yield of 9.04%. LyondellBasell Industries’s payout ratio is presently 169.14%.

About LyondellBasell Industries

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.