MADDEN SECURITIES Corp Has $1.39 Million Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• MADDEN SECURITIES Corp reduced its stake in LyondellBasell Industries by 40.6% in the 2nd quarter, ending with holdings worth approximately $1.39 million.
• Analyst ratings have shifted, with JPMorgan reducing its price target from $60 to $52, while Citigroup cut its target from $53 to $49, both assigning a "neutral" rating.
• LyondellBasell reported earnings of $0.62 per share for the last quarter, missing expectations by $0.25, and experienced a year-over-year revenue decline of 11.8%.

MADDEN SECURITIES Corp reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 40.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 23,975 shares of the specialty chemicals company's stock after selling 16,360 shares during the period. MADDEN SECURITIES Corp's holdings in LyondellBasell Industries were worth $1,387,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rossby Financial LCC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at about $25,000. JFS Wealth Advisors LLC increased 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 purchasing an additional 310 shares during the period. Investment Management Corp VA ADV raised its holdings 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 purchasing an additional 261 shares during the last quarter. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries in the 2nd quarter worth approximately $29,000. Finally, Brown Lisle Cummings Inc. boosted its stake 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 purchasing an additional 213 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on LYB. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Weiss Ratings reissued a "sell (d+)" rating on shares of LyondellBasell Industries in a research report on Saturday, September 27th. Rothschild & Co Redburn cut their target price on LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, September 12th. Deutsche Bank Aktiengesellschaft lowered their target price on LyondellBasell Industries from $58.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, October 1st. Finally, Citigroup cut their price target on LyondellBasell Industries from $53.00 to $49.00 and set a "neutral" rating on the stock in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $60.07.

Insider Buying and Selling at LyondellBasell Industries

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 shares were sold at an average price of $53.57, for a total value 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. This represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Trading Down 1.5%

Shares of LyondellBasell Industries stock opened at $48.72 on Tuesday. The stock has a market capitalization of $15.67 billion, a PE ratio of 63.27 and a beta of 0.87. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $96.52. The stock has a 50 day moving average price of $53.19 and a two-hundred day moving average price of $57.67. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77.

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). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the prior year, the business earned $2.24 earnings per share. LyondellBasell Industries's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.2%. LyondellBasell Industries's payout ratio 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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