Coldstream Capital Management Inc. Has $289,000 Holdings in LyondellBasell Industries N.V. $LYB

Coldstream Capital Management Inc. decreased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,995 shares of the specialty chemicals company’s stock after selling 1,044 shares during the period. Coldstream Capital Management Inc.’s holdings in LyondellBasell Industries were worth $289,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. LPL Financial LLC lifted its position in shares of LyondellBasell Industries by 8.7% during the 1st quarter. LPL Financial LLC now owns 626,028 shares of the specialty chemicals company’s stock worth $44,072,000 after purchasing an additional 49,912 shares during the last quarter. Mackenzie Financial Corp increased its position in LyondellBasell Industries by 7.8% in the 1st quarter. Mackenzie Financial Corp now owns 65,507 shares of the specialty chemicals company’s stock worth $4,612,000 after buying an additional 4,748 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of LyondellBasell Industries during the first quarter worth approximately $583,000. Arkadios Wealth Advisors bought a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $299,000. Finally, Natixis Advisors LLC grew its stake in shares of LyondellBasell Industries by 9.3% in the first quarter. Natixis Advisors LLC now owns 65,457 shares of the specialty chemicals company’s stock worth $4,608,000 after acquiring an additional 5,571 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Up 1.8%

Shares of LYB opened at $49.31 on Friday. The stock has a 50 day simple moving average of $46.60 and a 200-day simple moving average of $53.72. 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 stock has a market cap of $15.87 billion, a PE ratio of 64.03 and a beta of 0.87. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.46.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during 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 for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.88 earnings per share. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be issued a dividend of $1.37 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 11.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

Analyst Ratings Changes

A number of analysts have weighed in on LYB shares. BMO Capital Markets reduced their price target on shares of LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating for the company in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $56.19.

Insider Activity

In other news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the purchase, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.