Acropolis Investment Management LLC Sells 3,430 Shares of LyondellBasell Industries N.V. $LYB

Acropolis Investment Management LLC lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 36.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,089 shares of the specialty chemicals company’s stock after selling 3,430 shares during the quarter. Acropolis Investment Management LLC’s holdings in LyondellBasell Industries were worth $352,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in LyondellBasell Industries by 203.7% during the second quarter. GAMMA Investing LLC now owns 9,157 shares of the specialty chemicals company’s stock worth $530,000 after buying an additional 6,142 shares during the last quarter. Ridgewood Investments LLC grew its stake in LyondellBasell Industries by 1.3% during the second quarter. Ridgewood Investments LLC now owns 16,770 shares of the specialty chemicals company’s stock worth $970,000 after buying an additional 212 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in LyondellBasell Industries by 262.8% during the second quarter. Clear Harbor Asset Management LLC now owns 10,869 shares of the specialty chemicals company’s stock worth $629,000 after buying an additional 7,873 shares during the last quarter. Westend Capital Management LLC bought a new stake in LyondellBasell Industries during the second quarter worth about $130,000. Finally, U.S. Capital Wealth Advisors LLC grew its stake in LyondellBasell Industries by 27.2% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 17,779 shares of the specialty chemicals company’s stock worth $1,029,000 after buying an additional 3,805 shares during the last quarter. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Down 1.8%

LYB opened at $51.09 on Tuesday. The firm’s fifty day moving average is $56.00 and its two-hundred day moving average is $59.37. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a twelve month low of $47.55 and a twelve month high of $97.60. The firm has a market cap of $16.43 billion, a PE ratio of 66.36 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the prior year, the company earned $2.24 EPS. The firm’s revenue was down 11.8% on a year-over-year basis. Equities 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 given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.7%. LyondellBasell Industries’s dividend payout ratio is currently 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 shares were 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. This 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 available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LYB shares. Argus cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. decreased 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 note on Monday, August 4th. Rothschild & Co Redburn decreased their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, September 12th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, August 4th. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating on the stock in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus target price of $63.93.

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.