Wedbush Securities Inc. Invests $1.55 Million in LyondellBasell Industries N.V. $LYB

Wedbush Securities Inc. acquired a new position in LyondellBasell Industries N.V. (NYSE:LYB) in the second quarter, HoldingsChannel reports. The firm acquired 26,801 shares of the specialty chemicals company’s stock, valued at approximately $1,551,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. bought a new position in shares of LyondellBasell Industries during the first quarter valued at about $267,000. M&T Bank Corp lifted its stake in shares of LyondellBasell Industries by 1.1% in the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock valued at $1,405,000 after acquiring an additional 209 shares during the last quarter. Greenleaf Trust boosted its holdings in LyondellBasell Industries by 20.9% during the 1st quarter. Greenleaf Trust now owns 4,486 shares of the specialty chemicals company’s stock valued at $316,000 after acquiring an additional 774 shares during the period. Nisa Investment Advisors LLC grew its position in LyondellBasell Industries by 19.7% during the 1st quarter. Nisa Investment Advisors LLC now owns 24,246 shares of the specialty chemicals company’s stock worth $1,707,000 after acquiring an additional 3,985 shares during the last quarter. Finally, Xponance Inc. increased its stake in LyondellBasell Industries by 1.1% in the 1st quarter. Xponance Inc. now owns 41,579 shares of the specialty chemicals company’s stock worth $2,927,000 after purchasing an additional 472 shares during the period. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were 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 represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $42.91 on Monday. LyondellBasell Industries N.V. has a fifty-two week low of $42.26 and a fifty-two week high of $86.45. The stock’s 50 day simple moving average is $49.32 and its two-hundred day simple moving average is $55.06. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock has a market cap of $13.81 billion, a price-to-earnings ratio of 55.72 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The company had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.88 EPS. As a group, analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on LYB. Rothschild & Co Redburn dropped their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. JPMorgan Chase & Co. dropped their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, October 1st. UBS Group lowered their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research note on Monday, October 6th. Finally, Bank of America cut their target price on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $57.69.

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.