Stratos Wealth Partners LTD. Acquires 454 Shares of LyondellBasell Industries N.V. $LYB

Stratos Wealth Partners LTD. boosted its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 14.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,547 shares of the specialty chemicals company’s stock after buying an additional 454 shares during the period. Stratos Wealth Partners LTD.’s holdings in LyondellBasell Industries were worth $205,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Crews Bank & Trust increased its position in LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after buying an additional 175 shares during the period. Forza Wealth Management LLC increased its position in LyondellBasell Industries by 1.6% in the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after buying an additional 200 shares during the period. Central Pacific Bank Trust Division increased its position in LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after buying an additional 200 shares during the period. TCW Group Inc. raised its holdings in LyondellBasell Industries by 1.1% in the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock valued at $1,297,000 after acquiring an additional 202 shares in the last quarter. Finally, Horizon Investments LLC raised its holdings in LyondellBasell Industries by 2.5% in the 1st quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock valued at $584,000 after acquiring an additional 202 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $47.58 on Monday. The business’s fifty day moving average price is $51.39 and its two-hundred day moving average price is $55.88. LyondellBasell Industries N.V. has a fifty-two week low of $44.87 and a fifty-two week high of $88.79. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. As a group, analysts predict 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 given a dividend of $1.37 per share. The ex-dividend date 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 711.69%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Evercore ISI lowered their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Bank of America lowered their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Rothschild & Co Redburn lowered their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.56.

Insider Activity at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was 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 in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

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.