Martin Capital Partners LLC Grows Stock Holdings in LyondellBasell Industries N.V. $LYB

Martin Capital Partners LLC boosted its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 247.7% in the second quarter, Holdings Channel.com reports. The fund owned 51,431 shares of the specialty chemicals company’s stock after buying an additional 36,639 shares during the quarter. Martin Capital Partners LLC’s holdings in LyondellBasell Industries were worth $2,976,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Allen Mooney & Barnes Investment Advisors LLC lifted its position in LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after acquiring an additional 102,140 shares during the last quarter. NBC Securities Inc. lifted its position in LyondellBasell Industries by 5.0% in the second quarter. NBC Securities Inc. now owns 18,570 shares of the specialty chemicals company’s stock valued at $1,074,000 after acquiring an additional 890 shares during the last quarter. Parallel Advisors LLC lifted its position in LyondellBasell Industries by 10.2% in the second quarter. Parallel Advisors LLC now owns 6,509 shares of the specialty chemicals company’s stock valued at $377,000 after acquiring an additional 601 shares during the last quarter. Investors Research Corp lifted its position in LyondellBasell Industries by 19.3% in the second quarter. Investors Research Corp now owns 18,706 shares of the specialty chemicals company’s stock valued at $1,082,000 after acquiring an additional 3,025 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its position in LyondellBasell Industries by 13.1% in the second quarter. HBW Advisory Services LLC now owns 38,577 shares of the specialty chemicals company’s stock valued at $2,232,000 after acquiring an additional 4,481 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LYB has been the topic of a number of recent research reports. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada dropped their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 5th. Citigroup dropped their price target on shares of LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Finally, Mizuho upped their price objective on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $63.08.

LyondellBasell Industries Trading Down 0.5%

NYSE LYB opened at $55.20 on Monday. The firm has a market capitalization of $17.76 billion, a PE ratio of 71.69 and a beta of 0.85. The company has a 50-day simple moving average of $57.37 and a 200-day simple moving average of $60.35. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $97.60. 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 (NYSE:LYB) last issued its quarterly earnings data 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). The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.24 earnings per share. On average, equities analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

Insider Buying and Selling

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 transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.