Johnson Financial Group Inc. Reduces Stock Holdings in LyondellBasell Industries N.V. $LYB

Johnson Financial Group Inc. cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 39.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,604 shares of the specialty chemicals company’s stock after selling 1,671 shares during the period. Johnson Financial Group Inc.’s holdings in LyondellBasell Industries were worth $151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of LyondellBasell Industries by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company’s stock worth $548,316,000 after buying an additional 237,038 shares during the last quarter. Geode Capital Management LLC grew its position in LyondellBasell Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company’s stock worth $395,486,000 after acquiring an additional 24,161 shares during the period. Invesco Ltd. increased its stake in LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after acquiring an additional 606,234 shares during the last quarter. Soundwatch Capital LLC acquired a new stake in LyondellBasell Industries during the second quarter worth $268,123,000. Finally, JPMorgan Chase & Co. raised its position in LyondellBasell Industries by 12.8% in the first quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock valued at $316,113,000 after purchasing an additional 509,996 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 1.8%

Shares of LYB opened at $49.31 on Friday. The company’s 50-day simple moving average is $46.60 and its 200-day simple moving average is $53.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.46. The stock has a market capitalization of $15.87 billion, a PE ratio of 64.03 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. Analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, December 1st will be paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price target on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. The Goldman Sachs Group dropped their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $56.19.

Insider Transactions at LyondellBasell Industries

In related news, EVP Kimberly A. Foley bought 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

About LyondellBasell Industries

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.