MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 45,304 Shares of LyondellBasell Industries N.V. $LYB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 21.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 253,013 shares of the specialty chemicals company's stock after acquiring an additional 45,304 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.08% of LyondellBasell Industries worth $17,801,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC bought a new position in LyondellBasell Industries in the 1st quarter worth $25,000. JFS Wealth Advisors LLC lifted its position in shares of LyondellBasell Industries by 352.3% in the first 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 stake in shares of LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after acquiring an additional 261 shares during the period. Lazard Asset Management LLC raised its stake in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 214 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in LyondellBasell Industries in the 1st quarter worth approximately $42,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut their price objective on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Bank Of America (Bofa) dropped their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. UBS Group reduced their price target on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a report on Thursday, August 7th. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a report on Monday, August 4th. Finally, Mizuho lifted their target price on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $63.08.

Insider Activity 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 transaction of $1,071,400.00. Following the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Down 0.6%

LYB stock traded down $0.33 during midday trading on Friday, reaching $55.14. 2,941,427 shares of the company traded hands, compared to its average volume of 3,930,633. The firm has a market capitalization of $17.74 billion, a price-to-earnings ratio of 71.65 and a beta of 0.85. LyondellBasell Industries N.V. has a 52-week low of $47.55 and a 52-week high of $97.60. The business has a 50 day moving average of $57.50 and a 200-day moving average of $60.72. 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 released its 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). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the firm posted $2.24 EPS. The business's revenue for the quarter was down 11.8% compared to the same quarter last year. As a group, sell-side 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. Stockholders of record on Monday, August 25th were issued a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio (DPR) is 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.