LyondellBasell Industries N.V. $LYB Shares Purchased by Measured Risk Portfolios Inc.

Key Points

• Measured Risk Portfolios Inc. increased its stake in LyondellBasell Industries by 20.7% in Q2, now owning 41,839 shares valued at approximately $2.42 million.
• CEO Peter Z. E. Vanacker sold 20,000 shares at an average price of $53.57, resulting in a total transaction of $1,071,400 and a decrease of 11.09% in his ownership.
• LyondellBasell Industries reported a quarterly earnings per share of $0.62, missing estimates, with a revenue of $7.66 billion, down 11.8% year-over-year.

Measured Risk Portfolios Inc. raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 20.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,839 shares of the specialty chemicals company's stock after purchasing an additional 7,162 shares during the period. LyondellBasell Industries accounts for approximately 2.3% of Measured Risk Portfolios Inc.'s holdings, making the stock its 10th biggest position. Measured Risk Portfolios Inc.'s holdings in LyondellBasell Industries were worth $2,421,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC boosted its stake in LyondellBasell Industries by 69.1% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company's stock valued at $14,456,000 after purchasing an additional 102,140 shares during the period. M&T Bank Corp boosted its stake in LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock valued at $1,405,000 after purchasing an additional 209 shares during the period. KLP Kapitalforvaltning AS boosted its stake in LyondellBasell Industries by 166.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company's stock valued at $16,743,000 after purchasing an additional 148,500 shares during the period. Private Advisor Group LLC boosted its stake in LyondellBasell Industries by 44.3% during the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company's stock valued at $1,019,000 after purchasing an additional 4,442 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of LyondellBasell Industries by 56.7% in the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock worth $212,000 after acquiring an additional 1,091 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's stock in a transaction that occurred on 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 owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 0.3%

LYB stock opened at $49.49 on Friday. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $96.81. The firm has a market cap of $15.92 billion, a PE ratio of 64.28 and a beta of 0.87. The firm has a 50 day simple moving average of $53.48 and a 200 day simple moving average of $57.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the company earned $2.24 earnings per share. The firm's revenue for the quarter was down 11.8% on a year-over-year basis. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LYB. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday. Citigroup reduced their price target on shares of LyondellBasell Industries from $53.00 to $49.00 and set a "neutral" rating for the company in a research note on Thursday. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Rothschild & Co Redburn reduced their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Finally, Wells Fargo & Company reduced their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $60.13.

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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