LyondellBasell Industries N.V. (NYSE:LYB) CEO Sells $1,071,400.00 in Stock

Key Points

• LyondellBasell Industries CEO Peter Z. E. Vanacker sold 20,000 shares of stock for $1,071,400, resulting in an 11.09% decrease in his ownership.
• The company reported a net margin of 0.74% and earnings per share of $0.62 for the last quarter, missing estimates by $0.25.
• LyondellBasell has declared a quarterly dividend of $1.37, yielding 10.3%, with a payout ratio of 711.69%.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) CEO Peter Z. E. Vanacker sold 20,000 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

LyondellBasell Industries Trading Up 0.1%

Shares of LYB stock traded up $0.07 on Friday, hitting $53.38. The company had a trading volume of 2,660,229 shares, compared to its average volume of 5,867,403. The firm has a market cap of $17.17 billion, a P/E ratio of 69.33, a P/E/G ratio of 3.46 and a beta of 0.85. The stock's 50-day moving average is $59.05 and its two-hundred day moving average is $63.53. 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 $99.36.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly 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). The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company's quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.24 EPS. On average, equities research 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 will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th will be paid a $1.37 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.3%. LyondellBasell Industries's dividend payout ratio is presently 711.69%.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dodge & Cox boosted its holdings in LyondellBasell Industries by 0.4% in the second quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company's stock worth $981,884,000 after acquiring an additional 73,965 shares in the last quarter. State Street Corp boosted its holdings in LyondellBasell Industries by 4.1% in the second quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company's stock worth $747,271,000 after acquiring an additional 514,057 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of LyondellBasell Industries by 2.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company's stock valued at $548,316,000 after purchasing an additional 237,038 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of LyondellBasell Industries by 0.4% in the second quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company's stock valued at $395,486,000 after purchasing an additional 24,161 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of LyondellBasell Industries by 10.4% in the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock valued at $452,852,000 after purchasing an additional 606,234 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on LYB. Wall Street Zen downgraded LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. UBS Group dropped their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada dropped their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 5th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of "Hold" and an average target price of $63.08.

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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