Adams Natural Resources Fund Inc. Purchases 15,200 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Adams Natural Resources Fund Inc. increased its stake in LyondellBasell Industries by 281.5%, acquiring an additional 15,200 shares and bringing total holdings to 20,600 shares valued at approximately $1.19 million.
• CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell stock for about $1.07 million, decreasing his ownership by 11.09%.
• Recent analyst ratings for LyondellBasell show a range of perspectives, with target prices being adjusted downwards; the average target price now stands at $58.56 with an overall rating of "Hold."

Adams Natural Resources Fund Inc. grew its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 281.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,600 shares of the specialty chemicals company's stock after acquiring an additional 15,200 shares during the period. Adams Natural Resources Fund Inc.'s holdings in LyondellBasell Industries were worth $1,192,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC bought a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC increased its holdings in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its holdings in shares of 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 valued at $29,000 after purchasing an additional 261 shares in the last quarter. Hilltop National Bank acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. Finally, Brown Lisle Cummings Inc. increased its holdings in shares of LyondellBasell Industries by 55.2% in the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company's stock valued at $35,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LYB shares. BMO Capital Markets lowered their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a report on Wednesday, August 6th. The Goldman Sachs Group decreased their target price on LyondellBasell Industries from $59.00 to $51.00 and set a "sell" rating for the company in a research note on Friday, October 17th. Evercore ISI dropped their target price on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a report on Tuesday, September 23rd. Zacks Research upgraded shares of LyondellBasell Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a "sell" rating on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $58.56.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $45.21 on Wednesday. The company's 50 day moving average price is $51.79 and its two-hundred day moving average price is $56.07. LyondellBasell Industries N.V. has a 12-month low of $44.89 and a 12-month high of $89.89. The firm has a market cap of $14.54 billion, a PE ratio of 58.72 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 EPS. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 12.1%. LyondellBasell Industries's payout ratio is 711.69%.

LyondellBasell Industries 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.

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