SWS Partners Has $1.99 Million Holdings in LyondellBasell Industries N.V. $LYB

SWS Partners grew its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 15.9% during the second quarter, Holdings Channel.com reports. The firm owned 34,415 shares of the specialty chemicals company’s stock after acquiring an additional 4,716 shares during the quarter. SWS Partners’ holdings in LyondellBasell Industries were worth $1,991,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. NewSquare Capital LLC increased its holdings in LyondellBasell Industries by 0.3% during the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after buying an additional 193 shares during the last quarter. Forza Wealth Management LLC increased its holdings in LyondellBasell Industries by 1.6% during the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after buying an additional 200 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in LyondellBasell Industries by 4.3% during the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after buying an additional 200 shares during the last quarter. TCW Group Inc. increased its holdings in LyondellBasell Industries by 1.1% during the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after buying an additional 202 shares during the last quarter. Finally, Horizon Investments LLC increased its holdings in LyondellBasell Industries by 2.5% during the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 202 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LYB. Citigroup lowered their target price on shares of LyondellBasell Industries from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. BMO Capital Markets lowered their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Rothschild & Co Redburn reduced their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, September 12th. Finally, Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $64.00.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’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 completion of the sale, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 1.0%

LYB stock opened at $49.48 on Monday. 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 fifty day moving average price of $54.98 and a two-hundred day moving average price of $58.71. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $97.60. The stock has a market cap of $15.92 billion, a price-to-earnings ratio of 64.26 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB) last announced 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 business 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 company’s revenue was down 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.24 EPS. Equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

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

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.