TD Private Client Wealth LLC Trims Position in LyondellBasell Industries N.V. $LYB

Key Points

• TD Private Client Wealth LLC has reduced its stake in LyondellBasell Industries N.V. by 33.1%, now holding 26,374 shares worth approximately $1.53 million.
• Several hedge funds have recently adjusted their positions in LYB, indicating a 71.20% institutional ownership of the company's stock.
• The stock has a current consensus rating of "Hold" with a target price of $64.00, and has exhibited volatility with a 12-month low of $47.55 and a high of $97.60.

TD Private Client Wealth LLC lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 33.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,374 shares of the specialty chemicals company's stock after selling 13,073 shares during the quarter. TD Private Client Wealth LLC's holdings in LyondellBasell Industries were worth $1,526,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the first quarter valued at $25,000. JFS Wealth Advisors LLC increased its position in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the last quarter. Investment Management Corp VA ADV increased its position in 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 valued at $29,000 after acquiring an additional 261 shares during the last quarter. TruNorth Capital Management LLC purchased a new stake in LyondellBasell Industries during the first quarter valued at $42,000. Finally, VSM Wealth Advisory LLC grew its holdings in LyondellBasell Industries by 200.0% during the first quarter. VSM Wealth Advisory LLC now owns 600 shares of the specialty chemicals company's stock valued at $42,000 after purchasing an additional 400 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several recent research reports. Mizuho boosted their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Bank Of America (Bofa) cut their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. UBS Group cut their price target on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a report on Thursday, August 7th. Evercore ISI cut their price target on LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating for the company in a report on Tuesday. Finally, BMO Capital Markets cut their price target on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $64.00.

Insider Activity at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's 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 sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $48.97 on Friday. The firm has a market cap of $15.75 billion, a price-to-earnings ratio of 63.60 and a beta of 0.85. 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 business has a 50-day moving average price of $55.25 and a 200-day moving average price of $59.07. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $97.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its 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 firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 earnings per share. As a group, equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's payout ratio is currently 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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