LyondellBasell Industries N.V. $LYB Stake Lifted by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. increased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 42.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,318 shares of the specialty chemicals company’s stock after acquiring an additional 1,590 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in LyondellBasell Industries were worth $323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. Pacer Advisors Inc. boosted its holdings 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 acquiring an additional 1,959,576 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 137.9% in the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after acquiring an additional 1,020,169 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after acquiring an additional 657,443 shares in the last quarter. Nuveen LLC bought a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $43,280,000. Finally, Invesco Ltd. boosted its holdings 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 currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the 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 sale, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Trading Up 3.0%

LyondellBasell Industries stock opened at $46.24 on Tuesday. The company has a 50 day moving average price of $52.26 and a 200 day moving average price of $56.86. LyondellBasell Industries N.V. has a 52 week low of $44.89 and a 52 week high of $93.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The firm has a market capitalization of $14.87 billion, a price-to-earnings ratio of 60.06 and a beta of 0.87.

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

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.9%. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of research reports. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. BMO Capital Markets reduced their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Evercore ISI reduced their target price on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. UBS Group reduced their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Finally, Citigroup reduced their target price on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.07.

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.