MassMutual Private Wealth & Trust FSB Buys 1,059 Shares of LyondellBasell Industries N.V. $LYB

MassMutual Private Wealth & Trust FSB increased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 90.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,230 shares of the specialty chemicals company’s stock after buying an additional 1,059 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in LyondellBasell Industries were worth $129,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Martin Capital Partners LLC lifted its position in LyondellBasell Industries by 247.7% in the second quarter. Martin Capital Partners LLC now owns 51,431 shares of the specialty chemicals company’s stock worth $2,976,000 after buying an additional 36,639 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its position in LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after buying an additional 102,140 shares during the last quarter. NBC Securities Inc. lifted its position in LyondellBasell Industries by 5.0% in the second quarter. NBC Securities Inc. now owns 18,570 shares of the specialty chemicals company’s stock worth $1,074,000 after buying an additional 890 shares during the last quarter. Parallel Advisors LLC lifted its position in LyondellBasell Industries by 10.2% in the second quarter. Parallel Advisors LLC now owns 6,509 shares of the specialty chemicals company’s stock worth $377,000 after buying an additional 601 shares during the last quarter. Finally, Investors Research Corp lifted its position in LyondellBasell Industries by 19.3% in the second quarter. Investors Research Corp now owns 18,706 shares of the specialty chemicals company’s stock worth $1,082,000 after buying an additional 3,025 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LYB opened at $52.04 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. The firm has a market capitalization of $16.74 billion, a PE ratio of 67.59 and a beta of 0.85. The business’s 50-day moving average is $56.24 and its two-hundred day moving average is $59.79. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $97.60.

LyondellBasell Industries (NYSE:LYB) 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 business had revenue of $7.66 billion during 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%.LyondellBasell Industries’s revenue was down 11.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.24 EPS. 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 company also recently announced 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. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.5%. LyondellBasell Industries’s payout ratio is 711.69%.

Insider Activity at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 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 document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on LYB. 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 note on Monday, August 4th. 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 note on Thursday, August 7th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. BMO Capital Markets reduced their target price on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 6th. Finally, Citigroup reduced their target price on LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $63.93.

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.