Abel Hall LLC Buys 10,058 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Abel Hall LLC increased its stake in LyondellBasell Industries by 264.8%, acquiring an additional 10,058 shares, bringing its total to 13,857 shares valued at $802,000.
• Recently, several hedge funds notably increased their positions in LyondellBasell, with Pacer Advisors Inc. boosting its stake by an extraordinary 3,502.2%.
• LyondellBasell's CEO Peter Z. E. Vanacker sold 20,000 shares, marking an 11.09% decrease in his ownership, while the company has a current average stock rating of "Hold".

Abel Hall LLC boosted its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 264.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,857 shares of the specialty chemicals company's stock after acquiring an additional 10,058 shares during the quarter. Abel Hall LLC's holdings in LyondellBasell Industries were worth $802,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in LYB. Pacer Advisors Inc. lifted its position in LyondellBasell Industries by 3,502.2% in the 1st 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 last quarter. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company's stock worth $123,907,000 after acquiring an additional 1,020,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock valued at $650,465,000 after purchasing an additional 657,443 shares in the last quarter. Nuveen LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter valued at $43,280,000. Finally, Invesco Ltd. raised its position in LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock worth $452,852,000 after purchasing an additional 606,234 shares during the period. Institutional investors own 71.20% of the company's stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several analyst reports. Royal Bank Of Canada dropped their target price on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a report on Tuesday, August 5th. Citigroup dropped their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a "neutral" rating for the company in a research note on Thursday, October 2nd. Zacks Research raised shares of LyondellBasell Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Mizuho lowered their price target 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. Finally, Evercore ISI cut 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 report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and an average target price of $60.07.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Up 1.0%

NYSE LYB opened at $49.19 on Wednesday. The stock's 50 day moving average is $52.93 and its 200 day moving average is $57.61. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $15.82 billion, a PE ratio of 63.88 and a beta of 0.87. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $95.27.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.58 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 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.24 EPS. Research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio is 711.69%.

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.

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