Code Waechter LLC Has $439,000 Position in LyondellBasell Industries N.V. $LYB

Code Waechter LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 63.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,593 shares of the specialty chemicals company’s stock after purchasing an additional 2,958 shares during the quarter. Code Waechter LLC’s holdings in LyondellBasell Industries were worth $439,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Rossby Financial LCC bought a new stake in shares of LyondellBasell Industries during the first quarter worth $25,000. Investment Management Corp VA ADV raised 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 bought a new stake in shares of LyondellBasell Industries during the second quarter worth $29,000. TruNorth Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the first quarter worth $42,000. Finally, Brown Lisle Cummings Inc. raised its position 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 acquiring an additional 213 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 0.3%

Shares of LyondellBasell Industries stock opened at $46.30 on Tuesday. LyondellBasell Industries N.V. has a 1 year low of $44.87 and a 1 year high of $88.20. The business has a 50-day moving average of $50.35 and a two-hundred day moving average of $55.45. The company has a market capitalization of $14.89 billion, a P/E ratio of 60.13 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB) last announced 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. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. As a group, equities analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Wells Fargo & Company dropped 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. Mizuho set a $52.00 price objective on LyondellBasell Industries in a report on Monday. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a report on Monday. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group dropped their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $57.69.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This represents 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 hyperlink. 0.14% of the stock is owned by corporate insiders.

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.