American Century Companies Inc. Purchases 149,897 Shares of LyondellBasell Industries N.V. $LYB

American Century Companies Inc. raised its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 33.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 595,229 shares of the specialty chemicals company’s stock after acquiring an additional 149,897 shares during the quarter. American Century Companies Inc. owned approximately 0.19% of LyondellBasell Industries worth $34,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LYB. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at $26,000. Hilltop National Bank acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $29,000. EMC Capital Management acquired a new stake in shares of LyondellBasell Industries in the second quarter valued at about $29,000. Brown Lisle Cummings Inc. raised its holdings in LyondellBasell Industries by 55.2% during the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after acquiring an additional 213 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in LyondellBasell Industries by 81.3% during the second quarter. Golden State Wealth Management LLC now owns 600 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 269 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on LYB shares. Citigroup dropped their price objective on LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 19th. Zacks Research downgraded shares of LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. UBS Group cut their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research note on Monday, October 6th. JPMorgan Chase & Co. decreased their price objective on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Finally, Rothschild & Co Redburn dropped their target price on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $56.19.

LyondellBasell Industries Trading Up 1.8%

Shares of NYSE:LYB opened at $49.31 on Friday. The business’s 50 day simple moving average is $46.60 and its 200 day simple moving average is $53.72. LyondellBasell Industries N.V. has a 1 year low of $41.58 and a 1 year high of $83.46. 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 company has a market capitalization of $15.87 billion, a P/E ratio of 64.03 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.88 EPS. On average, research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date is Monday, December 1st. LyondellBasell Industries’s dividend payout ratio is presently -146.13%.

Insider Buying and Selling

In other news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.