Westend Capital Management LLC Invests $130,000 in LyondellBasell Industries N.V. $LYB

Westend Capital Management LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,247 shares of the specialty chemicals company’s stock, valued at approximately $130,000.

A number of other institutional investors and hedge funds have also bought and sold shares of LYB. NewSquare Capital LLC increased its stake in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock valued at $4,932,000 after buying an additional 193 shares during the period. Forza Wealth Management LLC grew its holdings in LyondellBasell Industries by 1.6% during the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after acquiring an additional 200 shares during the last quarter. Central Pacific Bank Trust Division increased its position in LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after acquiring an additional 200 shares during the period. TCW Group Inc. raised its stake in shares of LyondellBasell Industries by 1.1% during the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock valued at $1,297,000 after acquiring an additional 202 shares during the last quarter. Finally, Horizon Investments LLC lifted its holdings in shares of LyondellBasell Industries by 2.5% during the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 202 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 1.2%

LYB stock opened at $52.04 on Monday. The firm has a market capitalization of $16.74 billion, a PE ratio of 67.59 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $97.60. The stock’s 50 day moving average is $56.24 and its 200-day moving average is $59.56.

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 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 company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same period in the previous year, the company posted $2.24 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. Sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 10.5%. LyondellBasell Industries’s payout ratio is 711.69%.

Analyst Ratings Changes

A number of research firms recently weighed in on LYB. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. UBS Group decreased their price target on LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating for the company in a research note on Thursday, August 7th. BMO Capital Markets reduced their target price on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Rothschild & Co Redburn decreased their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Finally, Argus downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $63.93.

Insiders Place Their Bets

In other LyondellBasell Industries 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 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 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 is accessible through the SEC website. Company 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.