Lewis Asset Management LLC Buys Shares of 3,700 LyondellBasell Industries N.V. $LYB

Lewis Asset Management LLC bought a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) during the 2nd quarter, HoldingsChannel reports. The firm bought 3,700 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Rossby Financial LCC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 352.3% in the 1st 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 grew its stake in shares of LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 261 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 214 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at approximately $42,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was 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 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 SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

LyondellBasell Industries Trading Down 1.8%

Shares of LYB opened at $51.09 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $97.60. The firm has a market capitalization of $16.43 billion, a PE ratio of 66.36 and a beta of 0.85. The stock’s fifty day simple moving average is $56.00 and its 200-day simple moving average is $59.37.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results 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 net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same period last year, the company earned $2.24 EPS. The company’s revenue was down 11.8% compared to the same quarter last year. As a group, research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 10.7%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on LYB shares. Mizuho boosted their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. UBS Group lowered their price target on LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating for the company in a research note on Thursday, August 7th. Royal Bank Of Canada reduced their target price on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Argus lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Wells Fargo & Company reduced their target price on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $63.93.

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.