LyondellBasell Industries N.V. $LYB Shares Acquired by Ashton Thomas Private Wealth LLC

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in LyondellBasell Industries by 314.8% during the first quarter, acquiring a total of 19,112 shares valued at approximately $1,345,000.
• In recent insider trading, CEO Peter Z. E. Vanacker sold 20,000 shares of the company, reducing his ownership by 11.09% and bringing his total holdings to 160,351 shares.
• Research analysts have adjusted their price targets for LyondellBasell, with several firms lowering their expectations, resulting in a current consensus target price of $63.08 and a rating of "Hold."

Ashton Thomas Private Wealth LLC grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 314.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,112 shares of the specialty chemicals company's stock after purchasing an additional 14,504 shares during the period. Ashton Thomas Private Wealth LLC's holdings in LyondellBasell Industries were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rossby Financial LCC purchased a new stake in LyondellBasell Industries in the first quarter worth $25,000. JFS Wealth Advisors LLC increased its stake in LyondellBasell Industries by 352.3% in 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 period. Investment Management Corp VA ADV increased its stake in LyondellBasell Industries by 177.6% in 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 period. Lazard Asset Management LLC increased its stake in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 214 shares during the period. Finally, TruNorth Capital Management LLC purchased a new stake in LyondellBasell Industries in the first quarter worth $42,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Stock Down 0.5%

LYB traded down $0.27 on Friday, hitting $55.20. The company had a trading volume of 4,852,376 shares, compared to its average volume of 3,892,281. The stock has a fifty day moving average price of $57.37 and a 200-day moving average price of $60.56. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $97.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock has a market capitalization of $17.76 billion, a price-to-earnings ratio of 71.69 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 analysts' expectations of $7.58 billion. During the same quarter last year, the firm earned $2.24 EPS. LyondellBasell Industries's revenue for the quarter was down 11.8% on a year-over-year basis. Analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's payout ratio is 711.69%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Mizuho increased their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Citigroup dropped their price target on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Finally, UBS Group dropped their price target on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $63.08.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. The trade was 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 available at the SEC website. 0.14% of the stock is owned by company 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.