Apollon Wealth Management LLC Boosts Stake in LyondellBasell Industries N.V. $LYB

Apollon Wealth Management LLC grew its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 55.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,451 shares of the specialty chemicals company’s stock after buying an additional 4,429 shares during the period. Apollon Wealth Management LLC’s holdings in LyondellBasell Industries were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rossby Financial LCC purchased a new position in shares of LyondellBasell Industries during the first quarter worth $25,000. JFS Wealth Advisors LLC raised its holdings in shares of LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Investment Management Corp VA ADV raised its holdings 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 purchasing an additional 261 shares during the last quarter. Hilltop National Bank purchased a new position in shares of LyondellBasell Industries during the second quarter worth $29,000. Finally, Brown Lisle Cummings Inc. raised its holdings in shares of LyondellBasell Industries by 55.2% during the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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 Analyst Weigh In

Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. UBS Group reduced their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Mizuho reduced their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Evercore ISI dropped 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 research report on Tuesday, September 23rd. Finally, Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.44.

LyondellBasell Industries Stock Up 0.2%

LYB stock opened at $46.76 on Thursday. The firm’s fifty day moving average is $52.09 and its 200 day moving average is $56.72. LyondellBasell Industries N.V. has a one year low of $44.89 and a one year high of $93.03. The firm has a market cap of $15.04 billion, a PE ratio of 60.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB) last announced 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). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the business earned $2.24 EPS. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is 711.69%.

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.