Naples Global Advisors LLC Has $491,000 Holdings in LyondellBasell Industries N.V. $LYB

Naples Global Advisors LLC trimmed its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 31.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,479 shares of the specialty chemicals company’s stock after selling 3,834 shares during the period. Naples Global Advisors LLC’s holdings in LyondellBasell Industries were worth $491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in LYB. Rossby Financial LCC bought a new position in LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC grew its holdings in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its position in shares of LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 261 shares during the period. Brown Lisle Cummings Inc. raised its stake in shares of LyondellBasell Industries by 55.2% in the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 213 shares in the last quarter. Finally, TruNorth Capital Management LLC bought a new position in LyondellBasell Industries in the first quarter worth $42,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’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 in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

LyondellBasell Industries Stock Up 0.3%

Shares of LYB opened at $49.49 on Friday. The company has a market capitalization of $15.92 billion, a P/E ratio of 64.28 and a beta of 0.87. LyondellBasell Industries N.V. has a one year low of $47.55 and a one year high of $96.81. The business’s 50 day simple moving average is $53.48 and its 200-day simple moving average is $58.04. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion for the quarter, compared to analyst estimates 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 for the quarter was down 11.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.24 earnings per share. As a group, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.1%. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Wall Street Analyst Weigh In

LYB has been the subject of a number of recent research reports. Bank Of America (Bofa) dropped their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. BMO Capital Markets decreased their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. Royal Bank Of Canada dropped 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. Finally, UBS Group decreased their price target on 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, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $62.87.

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.