CreativeOne Wealth LLC Has $3.02 Million Stake in LyondellBasell Industries N.V. $LYB

Key Points

• CreativeOne Wealth LLC has significantly increased its stake in LyondellBasell Industries N.V. by 107.7%, now owning 42,937 shares valued at approximately $3.02 million.
• CEO Peter Vanacker sold 20,000 shares of the company at an average price of $53.57, reducing his holdings by 11.09% to about $8.59 million.
• The company's recent earnings report showed a missed EPS estimate of $0.62 versus the expected $0.87, while revenue fell by 11.8% year-over-year.

CreativeOne Wealth LLC raised its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 107.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 42,937 shares of the specialty chemicals company's stock after purchasing an additional 22,265 shares during the period. CreativeOne Wealth LLC's holdings in LyondellBasell Industries were worth $3,023,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Samalin Investment Counsel LLC acquired a new position in LyondellBasell Industries during the 1st quarter valued at about $787,000. Oliver Luxxe Assets LLC boosted its stake in LyondellBasell Industries by 8.3% during the 1st quarter. Oliver Luxxe Assets LLC now owns 24,015 shares of the specialty chemicals company's stock valued at $1,691,000 after purchasing an additional 1,831 shares during the last quarter. Jump Financial LLC boosted its stake in LyondellBasell Industries by 59.0% during the 1st quarter. Jump Financial LLC now owns 15,167 shares of the specialty chemicals company's stock valued at $1,068,000 after purchasing an additional 5,627 shares during the last quarter. Cadence Bank boosted its stake in LyondellBasell Industries by 0.4% during the 1st quarter. Cadence Bank now owns 82,740 shares of the specialty chemicals company's stock valued at $5,825,000 after purchasing an additional 357 shares during the last quarter. Finally, RBO & Co. LLC boosted its stake in LyondellBasell Industries by 14.2% during the 1st quarter. RBO & Co. LLC now owns 33,935 shares of the specialty chemicals company's stock valued at $2,389,000 after purchasing an additional 4,217 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity at LyondellBasell Industries

In related 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 value of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Bank Of America (Bofa) dropped their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. UBS Group dropped their target price on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. Mizuho lifted their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Piper Sandler dropped their target price on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries Trading Down 0.4%

NYSE:LYB opened at $56.39 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $18.14 billion, a PE ratio of 73.23 and a beta of 0.85. The firm's 50 day moving average is $58.38 and its 200 day moving average is $62.36. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $99.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $2.24 EPS. Sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 25th will be issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, August 25th. LyondellBasell Industries's 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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