Wealthcare Advisory Partners LLC Makes New $284,000 Investment in LyondellBasell Industries N.V. $LYB

Wealthcare Advisory Partners LLC acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,907 shares of the specialty chemicals company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in shares of LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after purchasing an additional 657,443 shares during the period. Invesco Ltd. lifted its stake in shares of LyondellBasell Industries by 10.4% in the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after purchasing an additional 606,234 shares during the period. Federated Hermes Inc. lifted its stake in shares of LyondellBasell Industries by 12.7% in the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock valued at $333,994,000 after purchasing an additional 534,456 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of LyondellBasell Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock valued at $316,113,000 after purchasing an additional 509,996 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of LyondellBasell Industries by 15.7% in the first quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company’s stock valued at $289,014,000 after purchasing an additional 557,397 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $44.96 on Friday. LyondellBasell Industries N.V. has a one year low of $44.89 and a one year high of $95.27. 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 company has a 50 day moving average price of $52.35 and a 200 day moving average price of $57.21. The firm has a market capitalization of $14.46 billion, a price-to-earnings ratio of 58.38 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the firm earned $2.24 earnings per share. LyondellBasell Industries’s quarterly revenue was down 11.8% compared to the same quarter last year. Sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 12.2%. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Insider Buying and Selling at LyondellBasell Industries

In other 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 value of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly 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 can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LYB. UBS Group reduced their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research note on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday. BMO Capital Markets reduced their price target on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Rothschild & Co Redburn reduced their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Finally, Evercore ISI reduced their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $60.07.

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.