Caitong International Asset Management Co. Ltd Buys 919 Shares of LyondellBasell Industries N.V. $LYB

Caitong International Asset Management Co. Ltd boosted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 633.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,064 shares of the specialty chemicals company’s stock after purchasing an additional 919 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in LyondellBasell Industries were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. boosted its holdings in LyondellBasell Industries by 28.6% in the second quarter. Asset Management One Co. Ltd. now owns 158,763 shares of the specialty chemicals company’s stock worth $9,186,000 after acquiring an additional 35,338 shares in the last quarter. AlTi Global Inc. boosted its holdings in LyondellBasell Industries by 26.4% in the second quarter. AlTi Global Inc. now owns 43,127 shares of the specialty chemicals company’s stock worth $2,495,000 after acquiring an additional 9,012 shares in the last quarter. Roman Butler Fullerton & Co. acquired a new stake in LyondellBasell Industries in the second quarter worth about $221,000. Principle Wealth Partners LLC acquired a new stake in LyondellBasell Industries in the second quarter worth about $210,000. Finally, LifeWealth Investments LLC lifted its holdings in shares of LyondellBasell Industries by 153.0% during the second quarter. LifeWealth Investments LLC now owns 8,441 shares of the specialty chemicals company’s stock worth $488,000 after purchasing an additional 5,104 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.6%

Shares of LYB opened at $47.58 on Friday. 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 stock has a 50 day moving average price of $51.39 and a 200 day moving average price of $55.91. The stock has a market capitalization of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. LyondellBasell Industries N.V. has a one year low of $44.87 and a one year high of $88.79.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results 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). The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business 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. This represents a $5.48 annualized dividend and a yield of 11.5%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Analyst Ratings Changes

A number of equities research analysts recently commented on LYB shares. Alembic Global Advisors raised LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. UBS Group decreased their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Royal Bank Of Canada decreased their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Evercore ISI cut their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. Finally, BMO Capital Markets cut their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $58.56.

Insider Transactions at LyondellBasell Industries

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 completion of the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

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.