Stephens Inc. AR Sells 2,967 Shares of LyondellBasell Industries N.V. $LYB

Stephens Inc. AR lowered its position in LyondellBasell Industries N.V. (NYSE:LYB) by 21.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,626 shares of the specialty chemicals company’s stock after selling 2,967 shares during the period. Stephens Inc. AR’s holdings in LyondellBasell Industries were worth $615,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Crews Bank & Trust increased its position in shares of LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after buying an additional 175 shares in the last quarter. Forza Wealth Management LLC boosted its stake in LyondellBasell Industries by 1.6% in the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after purchasing an additional 200 shares during the period. Central Pacific Bank Trust Division boosted its stake in LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares during the period. TCW Group Inc. boosted its stake in LyondellBasell Industries by 1.1% in the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after purchasing an additional 202 shares during the period. Finally, Horizon Investments LLC boosted its stake in LyondellBasell Industries by 2.5% in the 1st quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 202 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 1.6%

Shares of LYB stock opened at $47.58 on Friday. 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 firm’s 50-day moving average is $51.39 and its 200-day moving average is $55.91. The stock has a market cap of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. LyondellBasell Industries N.V. has a 52-week low of $44.87 and a 52-week high of $88.79.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results 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). The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.24 earnings per share. Sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Analysts Set New Price Targets

LYB has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Bank Of America (Bofa) reduced their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Bank of America reduced their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Finally, BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $58.56.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated 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 directly owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.