LyondellBasell Industries N.V. $LYB Shares Sold by Wealth Alliance LLC

Wealth Alliance LLC trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 36.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,462 shares of the specialty chemicals company’s stock after selling 4,850 shares during the period. Wealth Alliance LLC’s holdings in LyondellBasell Industries were worth $490,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of LYB. Investment Management Corp VA ADV increased its position in shares of LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 261 shares during the last quarter. Hilltop National Bank acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at approximately $29,000. Brown Lisle Cummings Inc. lifted its position in shares of LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 213 shares during the last quarter. VSM Wealth Advisory LLC lifted its holdings in LyondellBasell Industries by 200.0% in the first quarter. VSM Wealth Advisory LLC now owns 600 shares of the specialty chemicals company’s stock worth $42,000 after acquiring an additional 400 shares during the last quarter. Finally, Golden State Wealth Management LLC boosted its position in LyondellBasell Industries by 81.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 600 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 269 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 4.9%

Shares of LYB stock opened at $45.45 on Friday. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $85.25. The business’s 50 day moving average is $48.41 and its two-hundred day moving average is $54.69. The company has a market cap of $14.63 billion, a PE ratio of 59.02 and a beta of 0.87. 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 posted its quarterly earnings results 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 company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. Equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the transaction, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on LYB. UBS Group decreased their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday, October 6th. BMO Capital Markets dropped 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 research report on Wednesday, August 6th. Evercore ISI dropped their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a report on Tuesday. Rothschild & Co Redburn reduced their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Finally, Wells Fargo & Company decreased their target price on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $57.19.

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.