Robeco Institutional Asset Management B.V. Lowers Stake in LyondellBasell Industries N.V. $LYB

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in LyondellBasell Industries N.V. by 36.3% in Q2, now owning approximately $17.26 million worth of shares.
• LyondellBasell's CEO, Peter Z. E. Vanacker, sold 20,000 shares of the company's stock, resulting in an 11.09% decrease of his ownership in the firm.
• The company recently declared a quarterly dividend of $1.37 per share, resulting in an annualized yield of 11.1% despite a high payout ratio of 711.69%.

Robeco Institutional Asset Management B.V. cut its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 36.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 298,309 shares of the specialty chemicals company's stock after selling 170,321 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.09% of LyondellBasell Industries worth $17,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of LYB. Rossby Financial LCC bought a new stake in LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC grew its position in shares of LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV raised its stake 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 valued at $29,000 after purchasing an additional 261 shares during the period. Brown Lisle Cummings Inc. lifted its holdings in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company's stock worth $35,000 after purchasing an additional 213 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter worth approximately $42,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's stock in a transaction 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 transaction, 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 SEC, which is available at this link. 0.14% of the stock is owned by insiders.

LyondellBasell Industries Stock Up 0.3%

Shares of NYSE LYB opened at $49.49 on Friday. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 64.28 and a beta of 0.87. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $96.81. 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 firm's 50-day moving average price is $53.48 and its 200-day moving average price is $57.93.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company's revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.24 earnings per share. On average, equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

LYB has been the topic of several recent analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of LyondellBasell Industries in a research report on Saturday, September 27th. Bank Of America (Bofa) reduced their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Royal Bank Of Canada decreased their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 5th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $58.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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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