Kraematon Investment Advisors Inc. Has $341,000 Position in LyondellBasell Industries N.V. $LYB

Kraematon Investment Advisors Inc. lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 19.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 5,900 shares of the specialty chemicals company’s stock after selling 1,403 shares during the quarter. Kraematon Investment Advisors Inc.’s holdings in LyondellBasell Industries were worth $341,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of LYB. Crews Bank & Trust boosted its holdings in shares of LyondellBasell Industries by 16.4% during the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 175 shares during the period. NewSquare Capital LLC lifted its holdings in LyondellBasell Industries by 0.3% during the 1st quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after purchasing an additional 193 shares during the last quarter. Forza Wealth Management LLC boosted its stake in LyondellBasell Industries by 1.6% in the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock valued at $894,000 after purchasing an additional 200 shares during the period. Central Pacific Bank Trust Division boosted its stake in LyondellBasell Industries by 4.3% in the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock valued at $279,000 after purchasing an additional 200 shares during the period. Finally, TCW Group Inc. grew its holdings in LyondellBasell Industries by 1.1% in the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock valued at $1,297,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of a number of recent research reports. Bank Of America (Bofa) reduced their target price on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Mizuho decreased their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Saturday, September 27th. Finally, JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.13.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $49.49 on Friday. LyondellBasell Industries N.V. has a 1 year low of $47.55 and a 1 year high of $96.81. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 64.28 and a beta of 0.87. 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’s 50 day simple moving average is $53.48 and its 200 day simple moving average is $57.93.

LyondellBasell Industries (NYSE:LYB) last issued its 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). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the prior year, the business posted $2.24 EPS. The company’s revenue for the quarter 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 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid 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 yield of 11.1%. LyondellBasell Industries’s payout ratio is presently 711.69%.

Insider Activity at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer directly 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 document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.