Abundance Wealth Counselors Acquires 1,553 Shares of LyondellBasell Industries N.V. $LYB

Abundance Wealth Counselors grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 13.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,982 shares of the specialty chemicals company’s stock after acquiring an additional 1,553 shares during the period. Abundance Wealth Counselors’ holdings in LyondellBasell Industries were worth $771,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LYB. Rossby Financial LCC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at $25,000. JFS Wealth Advisors LLC grew its position in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Investment Management Corp VA ADV grew its position in shares of LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 261 shares during the period. Hilltop National Bank bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $29,000. Finally, Brown Lisle Cummings Inc. grew its position in shares of LyondellBasell Industries by 55.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 213 shares during the period. Institutional investors own 71.20% of the company’s stock.

Insider Activity at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated 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 approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $49.30 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $15.86 billion, a P/E ratio of 64.03 and a beta of 0.87. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $96.81. The business’s 50-day moving average is $53.77 and its 200 day moving average is $58.22.

LyondellBasell Industries (NYSE:LYB) last posted its 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). The firm had revenue of $7.66 billion during 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%.LyondellBasell Industries’s quarterly revenue 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. On average, equities research 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 announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s payout ratio is currently 711.69%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on LYB shares. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Royal Bank Of Canada dropped 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. Mizuho upped their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Bank Of America (Bofa) dropped their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Finally, BMO Capital Markets dropped their target price 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $63.73.

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.