LyondellBasell Industries N.V. $LYB Shares Purchased by Allen Mooney & Barnes Investment Advisors LLC

Key Points

• Allen Mooney & Barnes Investment Advisors LLC increased its holdings in LyondellBasell Industries N.V. by 69.1% in Q2, now owning 249,852 shares valued at approximately $14.46 million.
• CEO Peter Z. E. Vanacker sold 20,000 shares of the company, reducing his ownership by 11.09% to about $8.59 million in value.
• LyondellBasell's latest earnings report showed a miss in earnings per share at $0.62, compared to an expected $0.87, with revenue slightly exceeding forecasts at $7.66 billion.

Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 69.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 249,852 shares of the specialty chemicals company's stock after acquiring an additional 102,140 shares during the quarter. LyondellBasell Industries accounts for 2.4% of Allen Mooney & Barnes Investment Advisors LLC's holdings, making the stock its 13th biggest position. Allen Mooney & Barnes Investment Advisors LLC owned approximately 0.08% of LyondellBasell Industries worth $14,456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 3,502.2% during the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company's stock valued at $141,893,000 after buying an additional 1,959,576 shares during the period. HighTower Advisors LLC grew its position in LyondellBasell Industries by 137.9% during the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company's stock valued at $123,907,000 after buying an additional 1,020,169 shares during the period. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company's stock valued at $650,465,000 after buying an additional 657,443 shares during the period. Nuveen LLC acquired a new stake in LyondellBasell Industries during the first quarter valued at $43,280,000. Finally, Invesco Ltd. grew its position in LyondellBasell Industries by 10.4% during the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock valued at $452,852,000 after buying an additional 606,234 shares during the period. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm's 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 completion of the sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

LYB has been the topic of several research analyst reports. Citigroup dropped their target price on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. UBS Group dropped their target price 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. BMO Capital Markets dropped their target price 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. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. dropped their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $63.08.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $55.20 on Monday. The company's 50-day moving average price is $57.37 and its 200-day moving average price is $60.35. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a market cap of $17.76 billion, a P/E ratio of 71.69 and a beta of 0.85. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $97.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share 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 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.24 earnings per share. On average, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 9.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

LyondellBasell Industries Company 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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