Samalin Investment Counsel LLC Takes Position in LyondellBasell Industries N.V. $LYB

Key Points

• Samalin Investment Counsel LLC has made a new investment of $787,000 in LyondellBasell Industries N.V., acquiring 11,185 shares in the first quarter.
• Insider trading revealed CEO Peter Z. E. Vanacker sold 20,000 shares at an average price of $53.57, reducing his ownership by 11.09%.
• LyondellBasell reported a net margin of 0.74% and earnings per share of $0.62, missing the consensus estimate by ($0.25) for the last quarter.

Samalin Investment Counsel LLC bought a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,185 shares of the specialty chemicals company's stock, valued at approximately $787,000.

Several other institutional investors have also recently added to or reduced their stakes in LYB. Vident Advisory LLC lifted its position in shares of LyondellBasell Industries by 0.8% in the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock valued at $1,197,000 after acquiring an additional 131 shares in the last quarter. NewSquare Capital LLC lifted its position in shares of LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company's stock valued at $4,932,000 after acquiring an additional 193 shares in the last quarter. Forza Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 1.6% in the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company's stock valued at $894,000 after acquiring an additional 200 shares in the last quarter. TCW Group Inc. lifted its position in shares of LyondellBasell Industries by 1.1% in the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company's stock valued at $1,297,000 after acquiring an additional 202 shares in the last quarter. Finally, Horizon Investments LLC lifted its position in shares of LyondellBasell Industries by 2.5% in the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company's stock valued at $584,000 after acquiring an additional 202 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.8%

NYSE:LYB traded up $0.47 on Friday, hitting $56.33. 3,499,657 shares of the stock were exchanged, compared to its average volume of 5,201,107. The stock has a market cap of $18.12 billion, a PE ratio of 73.15 and a beta of 0.85. 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 stock has a fifty day moving average of $58.29 and a 200-day moving average of $61.99. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $99.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly 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). The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 earnings per share. As a group, equities 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 declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be paid a dividend of $1.37 per share. The ex-dividend date is Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 9.7%. LyondellBasell Industries's dividend payout ratio is currently 711.69%.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company's stock in a transaction dated Friday, August 15th. The stock was 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 $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on LYB shares. Mizuho upped their price objective on LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. reduced their target price on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada reduced their target price on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Finally, UBS Group reduced their target price on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating on the stock in a research report on Thursday, August 7th. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries 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.