LyondellBasell Industries N.V. $LYB Shares Acquired by Greenleaf Trust

Greenleaf Trust lifted its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,237 shares of the specialty chemicals company’s stock after purchasing an additional 751 shares during the period. Greenleaf Trust’s holdings in LyondellBasell Industries were worth $303,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. XML Financial LLC lifted its holdings in LyondellBasell Industries by 298.8% in the second quarter. XML Financial LLC now owns 31,165 shares of the specialty chemicals company’s stock valued at $1,803,000 after acquiring an additional 23,351 shares during the last quarter. Centennial Wealth Advisory LLC lifted its holdings in LyondellBasell Industries by 110.6% in the second quarter. Centennial Wealth Advisory LLC now owns 11,089 shares of the specialty chemicals company’s stock valued at $642,000 after acquiring an additional 5,824 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in LyondellBasell Industries by 77.7% in the second quarter. Janney Montgomery Scott LLC now owns 115,225 shares of the specialty chemicals company’s stock valued at $6,667,000 after acquiring an additional 50,383 shares during the last quarter. SWS Partners lifted its holdings in LyondellBasell Industries by 15.9% in the second quarter. SWS Partners now owns 34,415 shares of the specialty chemicals company’s stock valued at $1,991,000 after acquiring an additional 4,716 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in LyondellBasell Industries by 9.8% in the second quarter. V Square Quantitative Management LLC now owns 9,172 shares of the specialty chemicals company’s stock valued at $531,000 after acquiring an additional 818 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on LYB. UBS Group decreased their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating on the stock in a report on Thursday, August 7th. Citigroup decreased their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target 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. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $60.13.

LyondellBasell Industries Stock Up 0.3%

NYSE:LYB opened at $49.49 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock’s fifty day moving average is $53.48 and its two-hundred day moving average is $57.93. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $96.81. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 64.28 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last released 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 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 revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. Research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

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

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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.