Farther Finance Advisors LLC Has $395,000 Stake in LyondellBasell Industries N.V. $LYB

Farther Finance Advisors LLC reduced its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 25.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,831 shares of the specialty chemicals company’s stock after selling 2,337 shares during the period. Farther Finance Advisors LLC’s holdings in LyondellBasell Industries were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Rossby Financial LCC bought a new position in LyondellBasell Industries in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after buying an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its holdings in LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 261 shares during the last quarter. TruNorth Capital Management LLC bought a new stake in LyondellBasell Industries during the first quarter worth $42,000. Finally, VSM Wealth Advisory LLC lifted its stake in LyondellBasell Industries by 200.0% in the first quarter. VSM Wealth Advisory LLC now owns 600 shares of the specialty chemicals company’s stock valued at $42,000 after acquiring an additional 400 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 transaction, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Royal Bank Of Canada lowered their price target 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. Bank Of America (Bofa) dropped their price target on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Evercore ISI reduced their price objective on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. dropped their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, August 4th. Finally, Citigroup cut their target price on shares of 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, three have issued a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $64.00.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $49.48 on Monday. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 64.26 and a beta of 0.85. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $97.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock has a fifty day moving average price of $54.98 and a 200-day moving average price of $58.71.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The business 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%.LyondellBasell Industries’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $2.24 EPS. As a group, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.1%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

About LyondellBasell Industries

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.