LyondellBasell Industries N.V. $LYB Holdings Raised by Investors Research Corp

Investors Research Corp increased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 19.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,706 shares of the specialty chemicals company’s stock after buying an additional 3,025 shares during the quarter. Investors Research Corp’s holdings in LyondellBasell Industries were worth $1,082,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Rossby Financial LCC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its holdings in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV lifted its position in LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares during the period. Lazard Asset Management LLC boosted its stake in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after purchasing an additional 214 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

NYSE LYB opened at $55.20 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $97.60. The company has a market cap of $17.75 billion, a PE ratio of 71.69 and a beta of 0.85. The stock’s 50-day moving average price is $57.37 and its two-hundred day moving average price is $60.45.

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

LyondellBasell Industries Dividend Announcement

The company also recently disclosed 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. This represents a $5.48 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s payout ratio is presently 711.69%.

Wall Street Analyst Weigh In

LYB has been the subject of several research analyst reports. Citigroup cut their price objective on LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada cut their target price 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.08.

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.