Arvest Investments Inc. Sells 1,976 Shares of LyondellBasell Industries (NYSE:LYB)

Arvest Investments Inc. cut its holdings in LyondellBasell Industries (NYSE:LYB) by 11.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,205 shares of the specialty chemicals company’s stock after selling 1,976 shares during the period. Arvest Investments Inc.’s holdings in LyondellBasell Industries were worth $1,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LYB. CVA Family Office LLC increased its position in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares in the last quarter. Chilton Capital Management LLC bought a new stake in LyondellBasell Industries in the 1st quarter valued at about $27,000. Beacon Capital Management LLC bought a new stake in LyondellBasell Industries in the 1st quarter valued at about $28,000. Matrix Trust Co bought a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Finally, Blue Trust Inc. increased its holdings in LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $2.03 during trading on Friday, hitting $85.30. The stock had a trading volume of 3,327,973 shares, compared to its average volume of 2,181,519. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $92.32 and its two-hundred day moving average is $95.51. The stock has a market cap of $27.70 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 2.39 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the company posted $2.46 EPS. LyondellBasell Industries’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, analysts predict that LyondellBasell Industries will post 7.16 EPS for the current year.

LyondellBasell Industries Announces Dividend

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 of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.28%. LyondellBasell Industries’s payout ratio is 81.58%.

Analysts Set New Price Targets

A number of brokerages have commented on LYB. Deutsche Bank Aktiengesellschaft decreased their price objective on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price objective on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Finally, StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $101.70.

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.