LyondellBasell Industries N.V. $LYB Stake Trimmed by Cwm LLC

Cwm LLC lowered its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 59.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,695 shares of the specialty chemicals company’s stock after selling 41,201 shares during the quarter. Cwm LLC’s holdings in LyondellBasell Industries were worth $1,602,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of LYB. Rossby Financial LCC purchased a new position in LyondellBasell Industries in the 1st quarter worth about $25,000. JFS Wealth Advisors LLC increased its stake in LyondellBasell Industries by 352.3% in 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 stake in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares in the last quarter. Hilltop National Bank purchased a new position in LyondellBasell Industries in the 2nd quarter worth about $29,000. Finally, Brown Lisle Cummings Inc. increased its stake in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was 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 directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Up 0.7%

Shares of LyondellBasell Industries stock opened at $46.17 on Monday. The firm has a market cap of $14.85 billion, a price-to-earnings ratio of 59.97 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. LyondellBasell Industries N.V. has a 52-week low of $44.89 and a 52-week high of $92.14. The stock has a 50-day simple moving average of $51.95 and a 200-day simple moving average of $56.24.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). The firm 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 firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.24 earnings per share. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal 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 $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 11.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s payout ratio is 711.69%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on LYB. BMO Capital Markets decreased their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, August 4th. Citigroup decreased their price objective on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Finally, Evercore ISI decreased their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $58.56.

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.