IVC Wealth Advisors LLC Has $424,000 Position in LyondellBasell Industries N.V. $LYB

IVC Wealth Advisors LLC reduced its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 34.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,324 shares of the specialty chemicals company’s stock after selling 3,801 shares during the quarter. IVC Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in LYB. Pacer Advisors Inc. grew its position in shares of LyondellBasell Industries by 3,502.2% in the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after purchasing an additional 1,959,576 shares during the last quarter. HighTower Advisors LLC grew its position in LyondellBasell Industries by 137.9% during the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock worth $123,907,000 after buying an additional 1,020,169 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after buying an additional 657,443 shares in the last quarter. Nuveen LLC acquired a new stake in LyondellBasell Industries during the first quarter worth about $43,280,000. Finally, Invesco Ltd. grew its position in LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after buying an additional 606,234 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 0.3%

NYSE LYB opened at $49.49 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average is $53.48 and its two-hundred day moving average is $57.93. The company has a market capitalization of $15.92 billion, a price-to-earnings ratio of 64.28 and a beta of 0.87. LyondellBasell Industries N.V. has a 1-year low of $47.55 and a 1-year high of $96.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 earnings per share. Equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.1%. LyondellBasell Industries’s payout ratio is 711.69%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LYB. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Saturday, September 27th. UBS Group decreased their target price on LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating on the stock in a research report on Thursday, August 7th. Citigroup decreased their target price on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, Bank Of America (Bofa) decreased their target price on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $60.13.

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.