LyondellBasell Industries N.V. $LYB Holdings Lifted by Blue Trust Inc.

Blue Trust Inc. grew its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 27.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,660 shares of the specialty chemicals company’s stock after purchasing an additional 571 shares during the period. Blue Trust Inc.’s holdings in LyondellBasell Industries were worth $154,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries in the 1st quarter worth about $25,000. JFS Wealth Advisors LLC increased 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 valued at $28,000 after acquiring an additional 310 shares during the last quarter. Investment Management Corp VA ADV increased its holdings in shares of LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 261 shares during the last quarter. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $29,000. Finally, TruNorth Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at approximately $42,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Evercore ISI lowered their target price on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, September 23rd. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Bank of America cut their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday. Finally, Citigroup lowered their target price on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $59.44.

LyondellBasell Industries Stock Performance

LYB stock opened at $46.76 on Thursday. The firm has a market cap of $15.04 billion, a PE ratio of 60.73 and a beta of 0.87. The business’s 50-day moving average price is $52.09 and its two-hundred day moving average price is $56.72. LyondellBasell Industries N.V. has a 1-year low of $44.89 and a 1-year high of $93.03. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The firm 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 business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a yield of 11.7%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend 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.