Leo Wealth LLC Takes Position in LyondellBasell Industries N.V. $LYB

Leo Wealth LLC bought a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 5,981 shares of the specialty chemicals company’s stock, valued at approximately $346,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LYB. Rossby Financial LCC acquired a new stake in LyondellBasell Industries in the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 352.3% in the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Investment Management Corp VA ADV lifted its holdings in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares during the last quarter. Hilltop National Bank acquired a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $29,000. Finally, Brown Lisle Cummings Inc. lifted its holdings in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Mizuho reduced their target price on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. UBS Group cut their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Bank Of America (Bofa) cut their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, Evercore ISI cut their price target on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.07.

LyondellBasell Industries Stock Performance

LYB opened at $44.96 on Friday. The stock has a market cap of $14.46 billion, a PE ratio of 58.38 and a beta of 0.87. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 1 year low of $44.89 and a 1 year high of $95.27. The stock’s 50 day simple moving average is $52.35 and its 200-day simple moving average is $57.21.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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). The firm had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 earnings per share. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

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.