LyondellBasell Industries N.V. $LYB Shares Acquired by RBO & Co. LLC

RBO & Co. LLC increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 10.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,485 shares of the specialty chemicals company’s stock after buying an additional 3,550 shares during the quarter. RBO & Co. LLC’s holdings in LyondellBasell Industries were worth $2,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in shares of LyondellBasell Industries by 33.7% in the 2nd quarter. American Century Companies Inc. now owns 595,229 shares of the specialty chemicals company’s stock valued at $34,440,000 after purchasing an additional 149,897 shares during the last quarter. Cowa LLC acquired a new stake in shares of LyondellBasell Industries during the second quarter worth $243,000. Rhumbline Advisers lifted its holdings in shares of LyondellBasell Industries by 2.6% during the second quarter. Rhumbline Advisers now owns 514,090 shares of the specialty chemicals company’s stock worth $29,745,000 after purchasing an additional 13,189 shares during the period. CenterBook Partners LP purchased a new position in LyondellBasell Industries in the 2nd quarter valued at $2,725,000. Finally, Mufg Securities Americas Inc. increased its stake in LyondellBasell Industries by 24.2% in the 2nd quarter. Mufg Securities Americas Inc. now owns 5,698 shares of the specialty chemicals company’s stock valued at $330,000 after buying an additional 1,110 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on LYB shares. BMO Capital Markets lowered their target price on shares of LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating on the stock in a report on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. UBS Group reduced their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Finally, Rothschild & Co Redburn dropped their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.19.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction 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 acquisition, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. The trade was a 9.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $44.79 on Friday. The firm has a market capitalization of $14.42 billion, a price-to-earnings ratio of 58.17 and a beta of 0.87. 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 business’s 50 day simple moving average is $47.09 and its 200-day simple moving average is $54.08. LyondellBasell Industries N.V. has a 12 month low of $41.58 and a 12 month high of $85.25.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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 firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period last year, the business posted $1.88 EPS. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, December 1st will be paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is presently -146.13%.

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.