Wealthedge Investment Advisors LLC Makes New Investment in LyondellBasell Industries N.V. $LYB

Wealthedge Investment Advisors LLC bought a new stake in LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,884 shares of the specialty chemicals company’s stock, valued at approximately $2,192,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MTM Investment Management LLC purchased a new stake in LyondellBasell Industries in the 2nd quarter valued at about $26,000. Hilltop National Bank bought a new position in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. EMC Capital Management purchased a new stake in shares of LyondellBasell Industries during the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC lifted its holdings in LyondellBasell Industries by 97.8% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 264 shares during the period. Finally, Brown Lisle Cummings Inc. grew its stake in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 213 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of research reports. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Mizuho set a $52.00 target price on shares of LyondellBasell Industries in a report on Monday, November 3rd. Wall Street Zen downgraded LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Evercore ISI reduced their price target on LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $56.19.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Trading Up 1.8%

Shares of LyondellBasell Industries stock opened at $49.31 on Monday. 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 N.V. has a 1 year low of $41.58 and a 1 year high of $83.46. The firm has a market cap of $15.87 billion, a PE ratio of 64.03 and a beta of 0.87. The company has a 50 day simple moving average of $46.60 and a two-hundred day simple moving average of $53.68.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the prior year, the firm earned $1.88 EPS. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. Analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be given a dividend of $1.37 per share. The ex-dividend date is Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 11.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

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.