Valeo Financial Advisors LLC Acquires 1,415 Shares of LyondellBasell Industries N.V. $LYB

Valeo Financial Advisors LLC boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 41.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,834 shares of the specialty chemicals company’s stock after buying an additional 1,415 shares during the quarter. Valeo Financial Advisors LLC’s holdings in LyondellBasell Industries were worth $280,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in LYB. UMB Bank n.a. grew its position in LyondellBasell Industries by 223.3% during the first quarter. UMB Bank n.a. now owns 928 shares of the specialty chemicals company’s stock valued at $65,000 after buying an additional 641 shares during the period. Farther Finance Advisors LLC boosted its position in shares of LyondellBasell Industries by 28.3% in the first quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company’s stock worth $642,000 after purchasing an additional 2,021 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $442,000. Yousif Capital Management LLC boosted its position in shares of LyondellBasell Industries by 0.5% in the first quarter. Yousif Capital Management LLC now owns 49,033 shares of the specialty chemicals company’s stock worth $3,452,000 after purchasing an additional 247 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $442,000. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on 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 sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This 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 available through this link. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. Evercore ISI dropped their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. UBS Group dropped their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday. Citigroup dropped their target price on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Finally, Mizuho dropped their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $60.07.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $47.71 on Friday. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 61.96 and a beta of 0.87. The firm’s fifty day moving average is $52.52 and its 200 day moving average is $57.39. 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 52-week low of $47.31 and a 52-week high of $95.27.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results 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 business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. LyondellBasell Industries’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.24 EPS. Sell-side analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

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.