AlTi Global Inc. Boosts Stock Holdings in LyondellBasell Industries N.V. $LYB

AlTi Global Inc. raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 26.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 43,127 shares of the specialty chemicals company’s stock after purchasing an additional 9,012 shares during the period. AlTi Global Inc.’s holdings in LyondellBasell Industries were worth $2,495,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allen Mooney & Barnes Investment Advisors LLC increased its position in LyondellBasell Industries by 69.1% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after purchasing an additional 102,140 shares during the period. M&T Bank Corp increased its position in LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock valued at $1,405,000 after purchasing an additional 209 shares during the period. KLP Kapitalforvaltning AS increased its position in LyondellBasell Industries by 166.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock valued at $16,743,000 after purchasing an additional 148,500 shares during the period. Private Advisor Group LLC boosted its holdings in shares of LyondellBasell Industries by 44.3% in the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company’s stock valued at $1,019,000 after buying an additional 4,442 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 103.2% in the 1st quarter. NewEdge Advisors LLC now owns 44,265 shares of the specialty chemicals company’s stock valued at $3,116,000 after buying an additional 22,486 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

LYB opened at $47.58 on Friday. LyondellBasell Industries N.V. has a 12-month low of $44.87 and a 12-month high of $88.79. 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 firm has a market capitalization of $15.30 billion, a PE ratio of 61.79 and a beta of 0.87. The firm has a 50 day moving average of $51.39 and a two-hundred day moving average of $55.89.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (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 business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same period in the prior year, the business posted $2.24 earnings per share. The business’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LYB shares. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. Evercore ISI lowered their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, September 23rd. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Royal Bank Of Canada lowered their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a report on Tuesday, August 5th. Finally, Bank of America lowered their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $58.56.

Insider Transactions at LyondellBasell Industries

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

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.