LyondellBasell Industries N.V. $LYB Shares Bought by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 79.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 19,176 shares of the specialty chemicals company’s stock after purchasing an additional 8,473 shares during the period. Greenwood Capital Associates LLC’s holdings in LyondellBasell Industries were worth $1,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in LYB. Pacer Advisors Inc. increased its position in LyondellBasell Industries by 3,502.2% during the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock worth $141,893,000 after buying an additional 1,959,576 shares during the period. HighTower Advisors LLC increased its position in LyondellBasell Industries by 137.9% during the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock worth $123,907,000 after buying an additional 1,020,169 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of LyondellBasell Industries by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after acquiring an additional 657,443 shares during the last quarter. Nuveen LLC purchased a new position in shares of LyondellBasell Industries during the first quarter worth approximately $43,280,000. Finally, Invesco Ltd. grew its position in shares of LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after acquiring an additional 606,234 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB opened at $49.49 on Friday. 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’s 50 day moving average is $53.48 and its two-hundred day moving average is $58.04. The firm has a market capitalization of $15.92 billion, a PE ratio of 64.28 and a beta of 0.87. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $96.81.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $2.24 earnings per share. Research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.1%. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on LYB shares. Royal Bank Of Canada decreased their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Evercore ISI lowered their target price on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a research note on Tuesday, September 23rd. Mizuho lowered their target price on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday. Finally, Wells Fargo & Company decreased their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries currently has an average rating of “Hold” and a consensus target price of $62.87.

LyondellBasell Industries Company 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.