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

Wealthfront Advisers LLC raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 25.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 104,187 shares of the specialty chemicals company’s stock after acquiring an additional 21,203 shares during the quarter. Wealthfront Advisers LLC’s holdings in LyondellBasell Industries were worth $6,028,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in LyondellBasell Industries by 56.7% in the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company’s stock valued at $212,000 after buying an additional 1,091 shares during the last quarter. Amalgamated Bank raised its stake in shares of LyondellBasell Industries by 1.5% during the 1st quarter. Amalgamated Bank now owns 50,802 shares of the specialty chemicals company’s stock worth $3,576,000 after buying an additional 745 shares during the period. Mather Group LLC. lifted its position in shares of LyondellBasell Industries by 42.9% during the 1st quarter. Mather Group LLC. now owns 1,112 shares of the specialty chemicals company’s stock valued at $78,000 after buying an additional 334 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $262,000. Finally, Cidel Asset Management Inc. increased its holdings in LyondellBasell Industries by 7.8% in the 1st quarter. Cidel Asset Management Inc. now owns 4,763 shares of the specialty chemicals company’s stock worth $335,000 after acquiring an additional 344 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s 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 sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

LYB stock opened at $47.58 on Wednesday. LyondellBasell Industries N.V. has a 1 year low of $44.87 and a 1 year high of $88.79. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The firm has a market capitalization of $15.30 billion, a PE ratio of 61.79 and a beta of 0.87. The business has a 50 day simple moving average of $51.19 and a 200-day simple moving average of $55.76.

LyondellBasell Industries (NYSE:LYB) last announced 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). The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 EPS. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.5%. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. UBS Group reduced their target price on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. The Goldman Sachs Group lowered their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Finally, Royal Bank Of Canada reduced their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $58.56.

LyondellBasell Industries 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.