HB Wealth Management LLC Raises Stock Position in LyondellBasell Industries N.V. $LYB

HB Wealth Management LLC raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 64.5% during the second quarter, Holdings Channel.com reports. The fund owned 20,996 shares of the specialty chemicals company’s stock after buying an additional 8,235 shares during the period. HB Wealth Management LLC’s holdings in LyondellBasell Industries were worth $1,105,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LYB. Woodline Partners LP raised its stake in LyondellBasell Industries by 40.4% during the 1st quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares during the period. Focus Partners Wealth boosted its stake in LyondellBasell Industries by 35.4% in the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 1,796 shares during the period. Baird Financial Group Inc. boosted its stake in LyondellBasell Industries by 69.5% in the 2nd quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 12,087 shares during the period. Cerity Partners LLC grew its holdings in LyondellBasell Industries by 13.9% during the 2nd quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock valued at $2,855,000 after buying an additional 6,032 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in LyondellBasell Industries by 9.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,416 shares of the specialty chemicals company’s stock valued at $2,397,000 after buying an additional 3,715 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on LYB. Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. Morgan Stanley reduced their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Citigroup decreased their price target on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Finally, BMO Capital Markets increased their price objective on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Stock Down 0.3%

Shares of LYB opened at $64.33 on Friday. The stock has a market capitalization of $20.78 billion, a price-to-earnings ratio of -56.93, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.94. The business’s 50 day simple moving average is $61.52 and its 200-day simple moving average is $66.00. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The firm had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the company earned $0.62 EPS. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 9.2 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio is presently -244.25%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.