HBW Advisory Services LLC Increases Stock Position in LyondellBasell Industries N.V. $LYB

HBW Advisory Services LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 13.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,577 shares of the specialty chemicals company’s stock after buying an additional 4,481 shares during the period. HBW Advisory Services LLC’s holdings in LyondellBasell Industries were worth $2,232,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division boosted its position in LyondellBasell Industries by 4.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after buying an additional 200 shares during the period. Swedbank AB boosted its position in LyondellBasell Industries by 9.7% during the 1st quarter. Swedbank AB now owns 166,400 shares of the specialty chemicals company’s stock valued at $11,715,000 after buying an additional 14,727 shares during the period. Inspire Investing LLC boosted its position in LyondellBasell Industries by 46.4% during the 1st quarter. Inspire Investing LLC now owns 6,663 shares of the specialty chemicals company’s stock valued at $469,000 after buying an additional 2,112 shares during the period. Intrua Financial LLC boosted its position in LyondellBasell Industries by 18.4% during the 1st quarter. Intrua Financial LLC now owns 5,939 shares of the specialty chemicals company’s stock valued at $418,000 after buying an additional 925 shares during the period. Finally, Jacobi Capital Management LLC boosted its position in LyondellBasell Industries by 12.4% during the 1st quarter. Jacobi Capital Management LLC now owns 5,364 shares of the specialty chemicals company’s stock valued at $378,000 after buying an additional 590 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on LYB. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Royal Bank Of Canada decreased 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 report on Tuesday, August 5th. Finally, Citigroup decreased their price objective on shares of LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.08.

LyondellBasell Industries Stock Down 0.5%

Shares of LyondellBasell Industries stock opened at $55.20 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The company has a 50-day moving average of $57.37 and a 200 day moving average of $60.56. The firm has a market cap of $17.75 billion, a price-to-earnings ratio of 71.69 and a beta of 0.85. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $97.60.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm’s revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.24 earnings per share. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction dated 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 directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

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.