Moneta Group Investment Advisors LLC Takes $1.40 Million Position in LyondellBasell Industries NV (NYSE:LYB)

Moneta Group Investment Advisors LLC purchased a new stake in LyondellBasell Industries NV (NYSE:LYB) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 198 shares of the specialty chemicals company’s stock, valued at approximately $1,396,000.

Several other large investors also recently bought and sold shares of the stock. Advisors Preferred LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $25,000. MUFG Americas Holdings Corp raised its stake in shares of LyondellBasell Industries by 80.8% in the 2nd quarter. MUFG Americas Holdings Corp now owns 329 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 147 shares during the period. Icon Wealth Partners LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $35,000. Reilly Financial Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 89.4% in the 2nd quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 195 shares during the last quarter. Finally, Enterprise Financial Services Corp lifted its position in shares of LyondellBasell Industries by 47.1% during the second quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 137 shares in the last quarter. 76.23% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price objective on the stock. in a research note on Tuesday, August 13th. Cowen decreased their price objective on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating for the company in a research note on Monday, August 12th. Nomura lowered their price objective on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. Bank of America cut their target price on shares of LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Barclays decreased their price target on shares of LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $102.18.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc acquired 764,501 shares of the stock in a transaction on Tuesday, September 3rd. The shares were bought at an average cost of $74.61 per share, with a total value of $57,039,419.61. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jagjeet S. Bindra acquired 1,360 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $73.48 per share, for a total transaction of $99,932.80. The disclosure for this purchase can be found here. Insiders bought a total of 773,107 shares of company stock valued at $57,638,240 over the last three months. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries stock traded up $0.80 during mid-day trading on Wednesday, hitting $85.88. The company had a trading volume of 176,541 shares, compared to its average volume of 2,638,607. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. LyondellBasell Industries NV has a 1 year low of $68.61 and a 1 year high of $107.49. The business has a fifty day moving average of $76.96 and a 200 day moving average of $83.48. The stock has a market cap of $28.52 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.88 and a beta of 1.31.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.84 by ($0.09). LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. The company had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $9.26 billion. Equities analysts anticipate that LyondellBasell Industries NV will post 10.27 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.89%. The ex-dividend date is Tuesday, September 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 37.27%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

Read More: Cost of Goods Sold (COGS)

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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