Vontobel Holding Ltd. Raises Stock Holdings in LyondellBasell Industries N.V. $LYB

Vontobel Holding Ltd. raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 55.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,055 shares of the specialty chemicals company’s stock after buying an additional 2,160 shares during the quarter. Vontobel Holding Ltd.’s holdings in LyondellBasell Industries were worth $350,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LYB. GAMMA Investing LLC lifted its stake 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. Ritholtz Wealth Management raised its stake in shares of LyondellBasell Industries by 58.3% during the first quarter. Ritholtz Wealth Management now owns 8,120 shares of the specialty chemicals company’s stock worth $572,000 after purchasing an additional 2,990 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of LyondellBasell Industries by 27.1% during the first quarter. Exchange Traded Concepts LLC now owns 1,371 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 292 shares during the last quarter. Cyndeo Wealth Partners LLC purchased a new stake in shares of LyondellBasell Industries during the first quarter worth approximately $220,000. Finally, QRG Capital Management Inc. raised its stake in shares of LyondellBasell Industries by 29.0% during the first quarter. QRG Capital Management Inc. now owns 87,894 shares of the specialty chemicals company’s stock worth $6,188,000 after purchasing an additional 19,751 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.8%

LyondellBasell Industries stock opened at $46.63 on Wednesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 60.56 and a beta of 0.87. LyondellBasell Industries N.V. has a fifty-two week low of $44.89 and a fifty-two week high of $93.10. The stock’s fifty day moving average is $52.15 and its two-hundred day moving average is $56.78.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period last year, the company posted $2.24 EPS. Analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders 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 annualized dividend and a yield of 11.8%. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Analyst Ratings Changes

LYB has been the subject of several analyst reports. 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 research note on Monday, August 4th. BMO Capital Markets cut their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Deutsche Bank Aktiengesellschaft cut their price target on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Mizuho cut their price objective on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Finally, Rothschild & Co Redburn cut their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.44.

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 owned 160,351 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

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.