Lbp Am Sa Sells 192,459 Shares of LyondellBasell Industries N.V. $LYB

Key Points

• Lbp Am Sa reduced its stake in LyondellBasell Industries by 80%, selling 192,459 shares and leaving it with 48,024 shares valued at approximately $2.78 million.
• Several analysts have revised their price targets for LyondellBasell, with Citigroup lowering its estimate from $53.00 to $49.00 and JPMorgan reducing its target from $60.00 to $52.00, maintaining a neutral rating for the stock.
• The company recently announced a quarterly dividend of $1.37, yielding approximately 11.1%, while having a high dividend payout ratio of 711.69%.

Lbp Am Sa lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 80.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,024 shares of the specialty chemicals company's stock after selling 192,459 shares during the quarter. Lbp Am Sa's holdings in LyondellBasell Industries were worth $2,779,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LYB. Rossby Financial LCC bought a new stake in LyondellBasell Industries during the 1st quarter valued at $25,000. JFS Wealth Advisors LLC boosted its position 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 valued at $28,000 after acquiring an additional 310 shares in the last quarter. Investment Management Corp VA ADV boosted its position 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 valued at $29,000 after acquiring an additional 261 shares in the last quarter. Brown Lisle Cummings Inc. boosted its position 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 acquiring an additional 213 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the 1st quarter worth $42,000. Institutional investors own 71.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on LYB shares. Citigroup lowered their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a "neutral" rating for the company in a research report on Thursday. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Bank Of America (Bofa) lowered their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. UBS Group lowered their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Finally, Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $63.73.

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 stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares in the company, 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 SEC, which is accessible through this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $49.30 on Friday. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of 64.03 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 has a fifty day moving average of $53.77 and a 200 day moving average of $58.22. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $96.81.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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 firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations 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 was down 11.8% on a year-over-year basis. During the same quarter last year, the business earned $2.24 EPS. As a group, research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.1%. LyondellBasell Industries's dividend payout ratio (DPR) is 711.69%.

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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