Fourpath Capital Management LLC Decreases Position in LyondellBasell Industries N.V. $LYB

Fourpath Capital Management LLC trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 42.7% during the second quarter, HoldingsChannel reports. The firm owned 5,255 shares of the specialty chemicals company’s stock after selling 3,912 shares during the period. Fourpath Capital Management LLC’s holdings in LyondellBasell Industries were worth $304,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its stake in LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after purchasing an additional 657,443 shares in the last quarter. Invesco Ltd. lifted its stake in LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock worth $452,852,000 after purchasing an additional 606,234 shares in the last quarter. Federated Hermes Inc. lifted its stake in LyondellBasell Industries by 12.7% in the 1st quarter. Federated Hermes Inc. now owns 4,744,239 shares of the specialty chemicals company’s stock worth $333,994,000 after purchasing an additional 534,456 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in LyondellBasell Industries by 12.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,490,241 shares of the specialty chemicals company’s stock worth $316,113,000 after purchasing an additional 509,996 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in LyondellBasell Industries by 15.7% in the 1st quarter. Alliancebernstein L.P. now owns 4,105,317 shares of the specialty chemicals company’s stock worth $289,014,000 after purchasing an additional 557,397 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group decreased their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. Rothschild & Co Redburn cut their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Evercore ISI cut their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Finally, Bank Of America (Bofa) cut their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.07.

LyondellBasell Industries Stock Down 5.7%

LyondellBasell Industries stock opened at $44.96 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $44.89 and a fifty-two week high of $95.27. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The firm has a 50 day moving average price of $52.35 and a 200 day moving average price of $57.21. The company has a market capitalization of $14.46 billion, a PE ratio of 58.38 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.25). The company had revenue of $7.66 billion during 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 firm’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the business posted $2.24 EPS. Research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 12.2%. LyondellBasell Industries’s payout ratio is 711.69%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction 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 completion of the transaction, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

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.