Providence Capital Advisors LLC Has $1.45 Million Stock Holdings in LyondellBasell Industries NV (NYSE:LYB)

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Providence Capital Advisors LLC increased its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 5.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,846 shares of the specialty chemicals company’s stock after buying an additional 826 shares during the period. Providence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $1,451,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Scotia Capital Inc. lifted its holdings in shares of LyondellBasell Industries by 1.7% in the second quarter. Scotia Capital Inc. now owns 31,594 shares of the specialty chemicals company’s stock valued at $2,721,000 after purchasing an additional 530 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of LyondellBasell Industries by 5,854.8% in the second quarter. Captrust Financial Advisors now owns 2,501 shares of the specialty chemicals company’s stock valued at $215,000 after acquiring an additional 2,459 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of LyondellBasell Industries by 58.8% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,218,365 shares of the specialty chemicals company’s stock valued at $104,937,000 after acquiring an additional 451,296 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new position in shares of LyondellBasell Industries in the second quarter valued at about $1,396,000. Finally, MML Investors Services LLC increased its position in LyondellBasell Industries by 1.9% during the second quarter. MML Investors Services LLC now owns 11,016 shares of the specialty chemicals company’s stock worth $949,000 after acquiring an additional 207 shares during the period. 76.23% of the stock is owned by institutional investors and hedge funds.

In related news, Director Jagjeet S. Bindra acquired 1,360 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average price of $73.48 per share, with a total value of $99,932.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bhavesh V. Patel acquired 7,246 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were bought at an average cost of $68.85 per share, for a total transaction of $498,887.10. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 773,107 shares of company stock valued at $57,638,240. Insiders own 0.14% of the company’s stock.

Shares of LyondellBasell Industries stock traded up $0.63 on Wednesday, hitting $85.71. 280,881 shares of the company’s stock traded hands, compared to its average volume of 2,638,607. The company has a fifty day moving average of $76.96 and a two-hundred day moving average of $83.48. LyondellBasell Industries NV has a one year low of $68.61 and a one year high of $107.49. The company has a market capitalization of $28.52 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.47 and a quick ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.84 by ($0.09). LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.26 billion. Equities research analysts anticipate that LyondellBasell Industries NV will post 10.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Tuesday, September 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is 37.27%.

Several brokerages recently issued reports on LYB. Jefferies Financial Group boosted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Nomura dropped their price objective on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Cowen cut their target price on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Monday, August 12th. UBS Group increased their target price on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Finally, Barclays decreased their price target on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $102.18.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, 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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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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