Callan Family Office LLC Makes New Investment in LyondellBasell Industries N.V. $LYB

Key Points

• Callan Family Office LLC has purchased 7,471 shares of LyondellBasell Industries, valued at approximately $432,000, indicating growing institutional interest in the specialty chemicals company.
• CEO Peter Z. E. Vanacker sold 20,000 shares, reducing his ownership by 11.09% after the transaction, which totaled over $1 million.
• LyondellBasell's recent quarterly earnings report revealed a significant drop in earnings per share, missing estimates by $0.25 while reporting a revenue decline of 11.8% year-over-year.

Callan Family Office LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,471 shares of the specialty chemicals company's stock, valued at approximately $432,000.

Other institutional investors also recently made changes to their positions in the company. Rossby Financial LCC purchased a new stake in shares of LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC boosted its stake in shares of LyondellBasell Industries by 352.3% in the 1st 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 boosted its stake in shares of LyondellBasell Industries by 177.6% in the 1st 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 purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at $29,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of LyondellBasell Industries by 55.2% in the 2nd 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. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Buying and Selling

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the 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 sale, the chief executive officer directly owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of research reports. Mizuho cut their price objective on shares of LyondellBasell Industries from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Friday, October 3rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. UBS Group lowered their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a "sell" rating for the company in a report on Monday, October 6th. Evercore ISI lowered their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating for the company in a report on Tuesday, September 23rd. Finally, BMO Capital Markets lowered their price target 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $59.44.

LyondellBasell Industries Stock Up 0.8%

Shares of LyondellBasell Industries stock opened at $46.63 on Wednesday. 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 company has a 50-day moving average of $52.15 and a 200 day moving average of $56.78. The firm has a market cap of $15.00 billion, a price-to-earnings ratio of 60.56 and a beta of 0.87. LyondellBasell Industries N.V. has a 1 year low of $44.89 and a 1 year high of $93.10.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.24 earnings per share. As a group, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 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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