Moloney Securities Asset Management LLC Purchases 681 Shares of LyondellBasell Industries N.V. $LYB

Moloney Securities Asset Management LLC raised its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 3.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,532 shares of the specialty chemicals company’s stock after acquiring an additional 681 shares during the period. Moloney Securities Asset Management LLC’s holdings in LyondellBasell Industries were worth $1,188,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in LYB. Crews Bank & Trust lifted its stake in 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 purchasing an additional 175 shares during the last quarter. Forza Wealth Management LLC lifted its stake in LyondellBasell Industries by 1.6% during the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock worth $894,000 after purchasing an additional 200 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in LyondellBasell Industries by 4.3% during the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares during the last quarter. TCW Group Inc. lifted its stake in LyondellBasell Industries by 1.1% during the first quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after purchasing an additional 202 shares during the last quarter. Finally, Horizon Investments LLC lifted its stake in LyondellBasell Industries by 2.5% during the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after purchasing an additional 202 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $47.58 on Friday. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. LyondellBasell Industries N.V. has a twelve month low of $44.87 and a twelve month high of $88.79. The stock has a fifty day simple moving average of $51.39 and a 200 day simple moving average of $55.89. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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 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 business’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 earnings per share. Sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Mizuho dropped their price target on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research note on Friday, October 3rd. Finally, Citigroup dropped their price target 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 issued a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $58.56.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction 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 $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

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.