Vanguard Personalized Indexing Management LLC Has $2.82 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Vanguard Personalized Indexing Management LLC increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 48.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,625 shares of the specialty chemicals company’s stock after buying an additional 15,779 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in LyondellBasell Industries were worth $2,817,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in LYB. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 3,502.2% during the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock worth $141,893,000 after buying an additional 1,959,576 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after buying an additional 1,020,169 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after buying an additional 657,443 shares in the last quarter. Nuveen LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $43,280,000. Finally, Invesco Ltd. raised its stake in shares of LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after buying an additional 606,234 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYB has been the topic of a number of recent research reports. Citigroup decreased their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Rothschild & Co Redburn decreased their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Bank of America decreased their price target on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, UBS Group decreased their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.44.

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 transaction, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 0.2%

Shares of LYB opened at $46.76 on Thursday. The business’s 50 day simple moving average is $52.09 and its 200-day simple moving average is $56.72. The company has a market capitalization of $15.04 billion, a P/E ratio of 60.73 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a one year low of $44.89 and a one year high of $93.03.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly 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). The company had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.24 EPS. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.7%. LyondellBasell Industries’s dividend payout ratio is currently 711.69%.

LyondellBasell Industries 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.