Foster & Motley Inc. Reduces Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Foster & Motley Inc. decreased its holdings in LyondellBasell Industries by 14.4% in the second quarter, reducing their shares from 48,279 to 41,345, which are valued at approximately $2.39 million.
• CEO Peter Z. E. Vanacker sold 20,000 shares at an average price of $53.57, resulting in an 11.09% decrease in his ownership of the company’s stock.
• LyondellBasell reported earnings of $0.62 per share for the last quarter, missing estimates and reflecting a 11.8% year-over-year revenue decline.

Foster & Motley Inc. trimmed its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,345 shares of the specialty chemicals company's stock after selling 6,934 shares during the quarter. Foster & Motley Inc.'s holdings in LyondellBasell Industries were worth $2,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in LyondellBasell Industries during the 1st quarter worth $25,000. JFS Wealth Advisors LLC grew its stake in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 310 shares during the last quarter. Investment Management Corp VA ADV grew its stake in LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 261 shares during the last quarter. Hilltop National Bank purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, Brown Lisle Cummings Inc. grew its stake in LyondellBasell Industries by 55.2% during 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 during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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 transaction, the chief executive officer 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $46.17 on Friday. The stock has a market cap of $14.85 billion, a PE ratio of 59.97 and a beta of 0.87. The business has a 50-day simple moving average of $51.95 and a 200-day simple moving average of $56.28. 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 N.V. has a 52-week low of $44.89 and a 52-week high of $92.14.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion during 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% compared to the same quarter last year. During the same period in the previous year, the company posted $2.24 EPS. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current 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 issued a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.9%. LyondellBasell Industries's dividend payout ratio is presently 711.69%.

Analyst Ratings Changes

Several analysts have weighed in on LYB shares. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, August 4th. Evercore ISI dropped their price target on LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research note on Monday, August 4th. Bank Of America (Bofa) dropped their price target on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Finally, BMO Capital Markets dropped their price target on 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. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $58.56.

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.

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