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Yousif Capital Management LLC Lowers Stock Position in LyondellBasell Industries N.V. $LYB

LyondellBasell Industries logo with Basic Materials background

Key Points

  • Yousif Capital Management LLC has reduced its stake in LyondellBasell Industries by 18.7%, owning 39,864 shares after selling 9,169 shares, valued at $2,307,000.
  • In contrast, other large investors like Cypress Capital Group increased their stake significantly by 97.6%, now holding 53,216 shares valued at $3,079,000.
  • LyondellBasell Industries reported a quarterly earnings miss with $0.62 EPS, falling short of the $0.87 forecast, while its revenue for the quarter was down 11.8% year-over-year.
  • MarketBeat previews top five stocks to own in November.

Yousif Capital Management LLC reduced its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 18.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,864 shares of the specialty chemicals company's stock after selling 9,169 shares during the period. Yousif Capital Management LLC's holdings in LyondellBasell Industries were worth $2,307,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. MGO One Seven LLC lifted its position in shares of LyondellBasell Industries by 20.1% during the 2nd quarter. MGO One Seven LLC now owns 7,908 shares of the specialty chemicals company's stock valued at $458,000 after buying an additional 1,324 shares in the last quarter. Cypress Capital Group lifted its position in shares of LyondellBasell Industries by 97.6% during the 2nd quarter. Cypress Capital Group now owns 53,216 shares of the specialty chemicals company's stock valued at $3,079,000 after buying an additional 26,291 shares in the last quarter. Advocate Group LLC lifted its position in shares of LyondellBasell Industries by 8.1% during the 2nd quarter. Advocate Group LLC now owns 66,455 shares of the specialty chemicals company's stock valued at $3,845,000 after buying an additional 4,995 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of LyondellBasell Industries by 48.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 48,625 shares of the specialty chemicals company's stock valued at $2,817,000 after buying an additional 15,779 shares in the last quarter. Finally, Concurrent Investment Advisors LLC lifted its position in shares of LyondellBasell Industries by 32.1% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 12,808 shares of the specialty chemicals company's stock valued at $741,000 after buying an additional 3,114 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $46.17 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. LyondellBasell Industries N.V. has a 1 year low of $44.89 and a 1 year high of $92.14. The stock's 50 day simple moving average is $51.95 and its two-hundred day simple moving average is $56.38. The company has a market cap of $14.85 billion, a price-to-earnings ratio of 59.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data 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 period in the previous year, the firm earned $2.24 EPS. The business's revenue was down 11.8% compared to the same quarter last year. 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 11.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio is presently 711.69%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 completion of the transaction, the chief executive officer directly owned 160,351 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Zacks Research raised LyondellBasell Industries from a "strong sell" rating to a "hold" rating in a report on Friday, October 3rd. Bank of America lowered their price target on LyondellBasell Industries from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday. Mizuho lowered their price target on LyondellBasell Industries from $62.00 to $54.00 and set a "neutral" rating on the stock in a report on Friday, October 3rd. Rothschild & Co Redburn lowered their price target on LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, September 12th. Finally, BMO Capital Markets lowered their price target on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, LyondellBasell Industries currently has a consensus rating of "Hold" and an average price target of $58.56.

Read Our Latest Analysis on LyondellBasell Industries

LyondellBasell Industries Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding LYB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LyondellBasell Industries N.V. (NYSE:LYB - Free Report).

Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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