Wealthfront Advisers LLC Increases Stake in LyondellBasell Industries N.V. $LYB

Wealthfront Advisers LLC increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 25.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,187 shares of the specialty chemicals company’s stock after purchasing an additional 21,203 shares during the period. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $6,028,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LYB. DDD Partners LLC boosted its position in shares of LyondellBasell Industries by 27.5% during the second quarter. DDD Partners LLC now owns 364,126 shares of the specialty chemicals company’s stock valued at $21,068,000 after buying an additional 78,605 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of LyondellBasell Industries by 18.4% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 715,559 shares of the specialty chemicals company’s stock worth $41,402,000 after acquiring an additional 111,309 shares during the last quarter. Moloney Securities Asset Management LLC boosted its holdings in LyondellBasell Industries by 3.4% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 20,532 shares of the specialty chemicals company’s stock valued at $1,188,000 after acquiring an additional 681 shares during the period. ARGA Investment Management LP grew its position in LyondellBasell Industries by 26.9% in the 2nd quarter. ARGA Investment Management LP now owns 11,814 shares of the specialty chemicals company’s stock valued at $684,000 after acquiring an additional 2,506 shares during the last quarter. Finally, Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its stake in LyondellBasell Industries by 41.7% in the second quarter. Generali Investments Towarzystwo Funduszy Inwestycyjnych now owns 1,700 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 500 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LyondellBasell Industries

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 transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Down 3.1%

LyondellBasell Industries stock opened at $47.58 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm has a market cap of $15.30 billion, a P/E ratio of 61.79 and a beta of 0.87. The business has a fifty day moving average of $51.19 and a two-hundred day moving average of $55.76. LyondellBasell Industries N.V. has a twelve month low of $44.87 and a twelve month high of $88.79.

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

LyondellBasell Industries Announces Dividend

The company 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. This represents a $5.48 annualized dividend and a dividend yield of 11.5%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LYB shares. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. BMO Capital Markets decreased their price objective 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. Mizuho dropped their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Finally, Rothschild & Co Redburn lowered their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $58.56.

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.