Flagship Harbor Advisors LLC Purchases 4,971 Shares of LyondellBasell Industries N.V. $LYB

Flagship Harbor Advisors LLC increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 74.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,683 shares of the specialty chemicals company’s stock after acquiring an additional 4,971 shares during the period. Flagship Harbor Advisors LLC’s holdings in LyondellBasell Industries were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC grew its stake in LyondellBasell Industries by 69.1% in the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after buying an additional 102,140 shares in the last quarter. M&T Bank Corp grew its stake in 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 worth $1,405,000 after buying an additional 209 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in LyondellBasell Industries by 166.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock worth $16,743,000 after buying an additional 148,500 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in LyondellBasell Industries by 98.6% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,773 shares of the specialty chemicals company’s stock worth $218,000 after buying an additional 1,873 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in LyondellBasell Industries by 44.3% in the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company’s stock worth $1,019,000 after buying an additional 4,442 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.8%

Shares of LYB opened at $46.48 on Friday. The stock has a market capitalization of $14.95 billion, a P/E ratio of 60.37 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The firm has a fifty day simple moving average of $50.56 and a two-hundred day simple moving average of $55.54. LyondellBasell Industries N.V. has a twelve month low of $44.87 and a twelve month high of $88.79.

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

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.8%. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research note on Friday, October 17th. UBS Group cut 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. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Royal Bank Of Canada cut their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Finally, Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $58.56.

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.