LyondellBasell Industries N.V. $LYB Shares Acquired by Centennial Wealth Advisory LLC

Key Points

• Centennial Wealth Advisory LLC significantly increased its stake in LyondellBasell Industries by 110.6% in the second quarter, resulting in ownership of 11,089 shares valued at approximately $642,000.
• The company reported Q2 earnings of $0.62 per share, missing estimates by $0.25, with revenues of $7.66 billion, down 11.8% year-over-year.
• LyondellBasell recently announced a quarterly dividend of $1.37 per share, with an annualized payout of $5.48 and a yield of 11.2%.

Centennial Wealth Advisory LLC increased its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 110.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,089 shares of the specialty chemicals company's stock after acquiring an additional 5,824 shares during the quarter. Centennial Wealth Advisory LLC's holdings in LyondellBasell Industries were worth $642,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LYB. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC increased its holdings 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 acquiring an additional 310 shares during the period. Investment Management Corp VA ADV increased its holdings 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 acquiring an additional 261 shares during the period. Brown Lisle Cummings Inc. increased its holdings 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 acquiring an additional 213 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in LyondellBasell Industries in the 1st quarter valued at $42,000. 71.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's 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 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 position. The sale 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.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Bank Of America (Bofa) lowered their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Royal Bank Of Canada lowered 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 report on Tuesday, August 5th. UBS Group lowered their price objective on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. Evercore ISI lowered their price objective on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research report on Tuesday, September 23rd. Finally, BMO Capital Markets lowered 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 report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $64.00.

LyondellBasell Industries Trading Down 1.0%

NYSE:LYB opened at $48.98 on Tuesday. The company has a market capitalization of $15.75 billion, a PE ratio of 63.61 and a beta of 0.85. 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 $47.55 and a 52-week high of $97.39. The stock has a fifty day simple moving average of $54.70 and a 200-day simple moving average of $58.53.

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 (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm 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 company's quarterly revenue was down 11.8% compared to the same quarter last year. During the same period last year, the firm earned $2.24 EPS. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal 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 of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries's payout ratio 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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