Scientech Research LLC Lowers Stake in LyondellBasell Industries N.V. $LYB

Scientech Research LLC reduced its position in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 40.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,125 shares of the specialty chemicals company's stock after selling 8,081 shares during the quarter. Scientech Research LLC's holdings in LyondellBasell Industries were worth $854,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LYB. JPMorgan Chase & Co. decreased 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. Bank Of America (Bofa) reduced their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Mizuho increased their price objective on LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Citigroup reduced their price objective on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries Trading Down 0.5%

Shares of NYSE LYB traded down $0.26 during midday trading on Friday, reaching $55.22. 3,304,220 shares of the stock were exchanged, compared to its average volume of 3,932,994. The company has a 50 day simple moving average of $57.50 and a 200 day simple moving average of $60.72. The stock has a market capitalization of $17.76 billion, a P/E ratio of 71.72 and a beta of 0.85. 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 N.V. has a twelve month low of $47.55 and a twelve month high of $97.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly 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). 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 firm's quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.24 EPS. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current 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 9.9%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 711.69%.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm'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 completion of the sale, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

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.