Twelve Points Wealth Management LLC Grows Stock Position in LyondellBasell Industries N.V. $LYB

Key Points

• Twelve Points Wealth Management LLC increased its holdings in LyondellBasell Industries by 15.8% during the second quarter, owning 51,320 shares valued at approximately $2.97 million.
• Several institutional investors, including Charles Schwab and Invesco, have also raised their stakes in LyondellBasell Industries, contributing to a total of 71.20% of the stock being owned by such entities.
• LyondellBasell reported poor earnings for the last quarter, with earnings per share of $0.62, missing analysts' expectations and reflecting a decline in revenue of 11.8% year-over-year.

Twelve Points Wealth Management LLC grew its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 15.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,320 shares of the specialty chemicals company's stock after purchasing an additional 7,004 shares during the period. LyondellBasell Industries makes up about 0.8% of Twelve Points Wealth Management LLC's investment portfolio, making the stock its 29th largest position. Twelve Points Wealth Management LLC's holdings in LyondellBasell Industries were worth $2,969,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. Charles Schwab Investment Management Inc. increased its stake in LyondellBasell Industries by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock worth $650,465,000 after buying an additional 657,443 shares during the period. Invesco Ltd. increased its position in shares of LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock worth $452,852,000 after acquiring an additional 606,234 shares during the last quarter. Federated Hermes Inc. lifted its stake in shares of LyondellBasell Industries by 12.7% in the first quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company's stock worth $333,994,000 after acquiring an additional 534,456 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company's stock valued at $316,113,000 after purchasing an additional 509,996 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in LyondellBasell Industries by 15.7% during the 1st quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company's stock valued at $289,014,000 after purchasing an additional 557,397 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup reduced their price objective on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. 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. Mizuho upped their target price on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and a consensus price target of $64.00.

LyondellBasell Industries Trading Up 1.0%

NYSE LYB opened at $49.48 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $97.60. The company has a 50-day simple moving average of $54.98 and a 200-day simple moving average of $58.90. The firm has a market capitalization of $15.92 billion, a PE ratio of 64.26 and a beta of 0.85.

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

LyondellBasell Industries Dividend Announcement

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

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on 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 of the company's stock, valued at $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by 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.

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