Fifth Third Wealth Advisors LLC Has $817,000 Position in LyondellBasell Industries N.V. $LYB

Fifth Third Wealth Advisors LLC increased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 30.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,115 shares of the specialty chemicals company’s stock after purchasing an additional 3,289 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in LyondellBasell Industries were worth $817,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Inspire Investing LLC grew its stake in LyondellBasell Industries by 20.2% during the second quarter. Inspire Investing LLC now owns 8,007 shares of the specialty chemicals company’s stock worth $463,000 after buying an additional 1,344 shares during the last quarter. Aberdeen Group plc boosted its stake in LyondellBasell Industries by 4.6% in the second quarter. Aberdeen Group plc now owns 160,085 shares of the specialty chemicals company’s stock valued at $9,295,000 after acquiring an additional 7,010 shares during the last quarter. Blue Trust Inc. boosted its stake in LyondellBasell Industries by 27.3% in the second quarter. Blue Trust Inc. now owns 2,660 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 571 shares during the last quarter. Cascade Investment Group Inc. raised its holdings in LyondellBasell Industries by 204.7% in the second quarter. Cascade Investment Group Inc. now owns 17,196 shares of the specialty chemicals company’s stock worth $995,000 after purchasing an additional 11,553 shares during the period. Finally, Stiles Financial Services Inc raised its holdings in LyondellBasell Industries by 7.8% in the second quarter. Stiles Financial Services Inc now owns 10,666 shares of the specialty chemicals company’s stock worth $617,000 after purchasing an additional 774 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 5.7%

LYB opened at $44.96 on Monday. The company’s 50 day moving average price is $52.35 and its two-hundred day moving average price is $57.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a fifty-two week low of $44.89 and a fifty-two week high of $95.27. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 58.38 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 net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current 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 issued a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 12.2%. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LYB shares. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday, October 6th. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Royal Bank Of Canada reduced their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Finally, Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $60.07.

Insider Activity at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction dated 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 owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

About LyondellBasell Industries

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.