Cobblestone Capital Advisors LLC NY Invests $239,000 in LyondellBasell Industries N.V. $LYB

Cobblestone Capital Advisors LLC NY acquired a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,125 shares of the specialty chemicals company’s stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of LyondellBasell Industries by 7.7% in the 1st 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 in the last quarter. Invesco Ltd. raised its stake in LyondellBasell Industries by 10.4% in the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after buying an additional 606,234 shares in the last quarter. Federated Hermes Inc. raised its stake in 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 worth $333,994,000 after buying an additional 534,456 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 worth $316,113,000 after buying an additional 509,996 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in 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 worth $289,014,000 after buying an additional 557,397 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 sale, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. This trade 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 available through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LYB. Alembic Global Advisors raised LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Evercore ISI reduced their price target 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. Mizuho reduced their target price on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, August 4th. Finally, The Goldman Sachs Group cut 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 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $58.56.

LyondellBasell Industries Stock Up 3.1%

LyondellBasell Industries stock opened at $49.05 on Tuesday. The firm has a market cap of $15.78 billion, a price-to-earnings ratio of 63.70 and a beta of 0.87. LyondellBasell Industries N.V. has a 52 week low of $44.87 and a 52 week high of $88.79. The business’s 50-day moving average price is $51.31 and its 200 day moving average price is $55.81. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders 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 dividend yield of 11.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is 711.69%.

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.