B.O.S.S. Retirement Advisors LLC Has $2.48 Million Stock Holdings in LyondellBasell Industries (NYSE:LYB)

B.O.S.S. Retirement Advisors LLC boosted its stake in shares of LyondellBasell Industries (NYSE:LYB) by 13.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,990 shares of the specialty chemicals company’s stock after buying an additional 3,167 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in LyondellBasell Industries were worth $2,479,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Blair William & Co. IL grew its position in LyondellBasell Industries by 1.0% in the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after purchasing an additional 107 shares during the period. Coastal Investment Advisors Inc. grew its position in LyondellBasell Industries by 2.1% in the 4th quarter. Coastal Investment Advisors Inc. now owns 5,179 shares of the specialty chemicals company’s stock valued at $430,000 after purchasing an additional 109 shares during the period. Securian Asset Management Inc. grew its position in LyondellBasell Industries by 0.5% in the 1st quarter. Securian Asset Management Inc. now owns 20,945 shares of the specialty chemicals company’s stock valued at $1,967,000 after purchasing an additional 112 shares during the period. Covestor Ltd grew its position in LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 113 shares during the period. Finally, Rise Advisors LLC lifted its stake in LyondellBasell Industries by 9.1% during the 2nd quarter. Rise Advisors LLC now owns 1,363 shares of the specialty chemicals company’s stock valued at $125,000 after acquiring an additional 114 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LYB has been the topic of several recent analyst reports. KeyCorp raised their price objective on LyondellBasell Industries from $80.00 to $85.00 and gave the company an “underweight” rating in a research note on Monday, August 7th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 9th. SpectralCast restated a “maintains” rating on shares of LyondellBasell Industries in a research note on Thursday, June 29th. Bank of America lifted their target price on LyondellBasell Industries from $92.00 to $99.00 in a research note on Monday, August 7th. Finally, Wells Fargo & Company lifted their target price on LyondellBasell Industries from $100.00 to $109.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $100.06.

Insider Transactions at LyondellBasell Industries

In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total transaction of $975,600.00. Following the completion of the transaction, the executive vice president now owns 49,876 shares of the company’s stock, valued at $4,865,902.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $97.56, for a total transaction of $975,600.00. Following the completion of the transaction, the executive vice president now owns 49,876 shares of the company’s stock, valued at $4,865,902.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ai Investments Holdings Llc sold 483 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $99.61, for a total value of $48,111.63. Following the transaction, the insider now directly owns 765,996 shares of the company’s stock, valued at approximately $76,300,861.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.

LyondellBasell Industries Stock Performance

LYB traded down $0.65 during trading hours on Friday, hitting $100.04. The stock had a trading volume of 3,619,832 shares, compared to its average volume of 2,019,167. The company’s fifty day simple moving average is $96.53 and its 200 day simple moving average is $93.03. LyondellBasell Industries has a 1 year low of $71.46 and a 1 year high of $102.04. The stock has a market cap of $32.43 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.21. The company has a quick ratio of 1.07, a current ratio of 1.81 and a debt-to-equity ratio of 0.79.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. The business had revenue of $10.31 billion during the quarter, compared to analyst estimates of $10.79 billion. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. The company’s quarterly revenue was down 30.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.19 EPS. Equities analysts anticipate that LyondellBasell Industries will post 8.06 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Monday, August 28th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, August 25th. LyondellBasell Industries’s payout ratio is presently 77.64%.

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.