LyondellBasell Industries N.V. $LYB Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 20.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,908 shares of the specialty chemicals company’s stock after acquiring an additional 1,324 shares during the period. MGO One Seven LLC’s holdings in LyondellBasell Industries were worth $458,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LYB. Crews Bank & Trust boosted its stake in shares of LyondellBasell Industries by 16.4% in the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 175 shares during the period. Forza Wealth Management LLC lifted its holdings in LyondellBasell Industries by 1.6% during the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after buying an additional 200 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in LyondellBasell Industries by 4.3% in 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. TCW Group Inc. grew its stake in shares of LyondellBasell Industries by 1.1% in the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after acquiring an additional 202 shares in the last quarter. Finally, Horizon Investments LLC increased its position in shares of LyondellBasell Industries by 2.5% during the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after acquiring an additional 202 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America reduced their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday. Finally, Citigroup reduced their price objective on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $58.56.

LyondellBasell Industries Stock Up 0.7%

LYB stock opened at $46.17 on Friday. The stock has a market cap of $14.85 billion, a P/E ratio of 59.97 and a beta of 0.87. 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 twelve month low of $44.89 and a twelve month high of $92.14. The company’s 50 day moving average is $51.95 and its two-hundred day moving average is $56.28.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company 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 company’s quarterly revenue was down 11.8% on a year-over-year basis. Research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.9%. LyondellBasell Industries’s payout ratio is 711.69%.

Insider Buying and Selling at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated 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 directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 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.