AE Wealth Management LLC Grows Stock Holdings in LyondellBasell Industries N.V. $LYB

AE Wealth Management LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 112.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 323,325 shares of the specialty chemicals company’s stock after acquiring an additional 171,027 shares during the period. AE Wealth Management LLC owned about 0.10% of LyondellBasell Industries worth $18,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Investment Management Corp VA ADV raised its position in LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 261 shares during the period. Hilltop National Bank acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $29,000. Brown Lisle Cummings Inc. raised its holdings 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 buying an additional 213 shares during the period. Golden State Wealth Management LLC lifted its position in LyondellBasell Industries by 81.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 600 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 269 shares in the last quarter. Finally, TruNorth Capital Management LLC purchased a new position in LyondellBasell Industries in the 1st quarter worth approximately $42,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LYB. Evercore ISI reduced their target price on shares of 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. Rothschild & Co Redburn decreased their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research note on Friday, October 17th. Finally, Citigroup lowered their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $57.69.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $42.91 on Friday. LyondellBasell Industries N.V. has a 52 week low of $42.26 and a 52 week high of $86.45. 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 firm has a market cap of $13.81 billion, a price-to-earnings ratio of 55.72 and a beta of 0.87. The stock has a 50 day moving average of $49.32 and a 200-day moving average of $55.08.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s revenue was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 EPS. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

About LyondellBasell Industries

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.