Rise Advisors LLC Has $125,000 Stake in LyondellBasell Industries (NYSE:LYB)

Rise Advisors LLC boosted its holdings in shares of LyondellBasell Industries (NYSE:LYB) by 9.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,363 shares of the specialty chemicals company’s stock after purchasing an additional 114 shares during the period. Rise Advisors LLC’s holdings in LyondellBasell Industries were worth $125,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Aspire Private Capital LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $12,017,920,000. Community Bank N.A. acquired a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $28,000. Compass Wealth Management LLC acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at $25,000. Massmutual Trust Co. FSB ADV increased its stake in shares of LyondellBasell Industries by 109.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 363 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 190 shares during the period. Finally, Delta Asset Management LLC TN acquired a new stake in shares of LyondellBasell Industries in the 4th quarter valued at $33,000. 91.41% of the stock is owned by institutional investors and hedge funds.

Insider Activity at LyondellBasell Industries

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

Wall Street Analysts Forecast Growth

LYB has been the topic of several recent research reports. Citigroup raised their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. Morgan Stanley restated an “overweight” rating and issued a $100.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, July 19th. Piper Sandler reduced their price target on LyondellBasell Industries from $113.00 to $108.00 in a research report on Thursday, June 29th. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 9th. Finally, SpectralCast restated a “maintains” rating on shares of LyondellBasell Industries in a research report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $100.06.

LyondellBasell Industries Stock Down 0.6 %

Shares of LYB traded down $0.65 during midday trading 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 has a 50 day simple moving average of $96.53 and a two-hundred day simple moving average of $93.03. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $102.04. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 15.53, a price-to-earnings-growth ratio of 2.56 and a beta of 1.21. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.81 and a quick ratio of 1.07.

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

LyondellBasell Industries Announces Dividend

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

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.