RMR Wealth Builders Makes New $43,000 Investment in LyondellBasell Industries NV (NYSE:LYB)
RMR Wealth Builders bought a new position in shares of LyondellBasell Industries NV (NYSE:LYB) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 652 shares of the specialty chemicals company’s stock, valued at approximately $43,000.
Other large investors also recently bought and sold shares of the company. CNB Bank increased its holdings in shares of LyondellBasell Industries by 211.4% in the second quarter. CNB Bank now owns 436 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 296 shares during the period. Gables Capital Management Inc. increased its stake in LyondellBasell Industries by 195.7% in the second quarter. Gables Capital Management Inc. now owns 621 shares of the specialty chemicals company’s stock valued at $51,000 after acquiring an additional 411 shares during the last quarter. Balentine LLC increased its stake in LyondellBasell Industries by 123.7% in the second quarter. Balentine LLC now owns 756 shares of the specialty chemicals company’s stock valued at $50,000 after acquiring an additional 418 shares during the last quarter. Orion Portfolio Solutions LLC increased its stake in LyondellBasell Industries by 41.2% in the second quarter. Orion Portfolio Solutions LLC now owns 795 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 232 shares during the last quarter. Finally, Wexford Capital LP bought a new position in LyondellBasell Industries in the second quarter valued at $85,000. Hedge funds and other institutional investors own 66.81% of the company’s stock.
A number of equities analysts recently weighed in on the company. HSBC downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $72.00 target price for the company. in a research report on Wednesday. ValuEngine upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Royal Bank of Canada upped their price objective on shares of LyondellBasell Industries from $64.00 to $66.00 and gave the company a “sector perform” rating in a research note on Monday, August 3rd. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Monday, August 17th. Finally, Scotiabank restated a “sector perform” rating on shares of LyondellBasell Industries in a research report on Monday, August 3rd. Nineteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $72.83.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, July 31st. The specialty chemicals company reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.02. LyondellBasell Industries had a return on equity of 29.99% and a net margin of 6.79%. The firm had revenue of $5.55 billion during the quarter, compared to analyst estimates of $5.67 billion. During the same quarter in the prior year, the company earned $2.74 EPS. The business’s revenue was down 38.7% compared to the same quarter last year. Equities research analysts expect that LyondellBasell Industries NV will post 4.81 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 8th. Shareholders of record on Monday, August 31st were given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 5.43%. The ex-dividend date was Friday, August 28th. LyondellBasell Industries’s dividend payout ratio is currently 43.66%.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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.
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