XML Financial LLC Raises Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• XML Financial LLC significantly increased its stake in LyondellBasell Industries by 298.8%, acquiring 23,351 additional shares, bringing its total holdings to 31,165 shares valued at approximately $1.8 million.
• Several large institutional investors also boosted their positions in LyondellBasell during the first quarter, with Charles Schwab and Invesco notably increasing their ownership by 7.7% and 10.4%, respectively.
• Wall Street analysts are mixed on LyondellBasell's outlook, with target prices for the stock ranging from $52 to $90, and a consensus rating of "Hold".

XML Financial LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 298.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,165 shares of the specialty chemicals company's stock after acquiring an additional 23,351 shares during the period. XML Financial LLC's holdings in LyondellBasell Industries were worth $1,803,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of LYB. Charles Schwab Investment Management Inc. increased its position 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 purchasing an additional 657,443 shares in the last quarter. Invesco Ltd. grew its stake in 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 buying an additional 606,234 shares during the period. Federated Hermes Inc. raised its stake in shares of LyondellBasell Industries by 12.7% in the 1st quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company's stock valued at $333,994,000 after acquiring an additional 534,456 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of LyondellBasell Industries by 12.8% during the 1st quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company's stock valued at $316,113,000 after acquiring an additional 509,996 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its position 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 worth $289,014,000 after purchasing an additional 557,397 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LYB shares. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. Evercore ISI decreased their target price on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating for the company in a research note on Tuesday, September 23rd. Citigroup dropped their price target 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. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Finally, Rothschild & Co Redburn reduced their price target on LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating for the company in a report on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $64.00.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares of the company's stock, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Trading Down 1.0%

Shares of NYSE LYB opened at $48.98 on Tuesday. The company has a market cap of $15.75 billion, a price-to-earnings ratio of 63.61 and a beta of 0.85. The stock's 50 day simple moving average is $54.70 and its 200 day simple moving average is $58.53. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $97.39.

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 for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the business earned $2.24 earnings per share. LyondellBasell Industries's quarterly revenue was down 11.8% on a year-over-year basis. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm 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 annualized dividend and a yield of 11.2%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 711.69%.

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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