Future Financial Wealth Managment LLC Buys 3,250 Shares of LyondellBasell Industries N.V. $LYB

Future Financial Wealth Managment LLC raised its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 94.2% during the second quarter, HoldingsChannel.com reports. The fund owned 6,700 shares of the specialty chemicals company’s stock after acquiring an additional 3,250 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in LyondellBasell Industries were worth $388,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 69.1% in the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock worth $14,456,000 after purchasing an additional 102,140 shares during the last quarter. M&T Bank Corp grew its stake in LyondellBasell Industries by 1.1% during the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock worth $1,405,000 after buying an additional 209 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in LyondellBasell Industries by 166.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company’s stock worth $16,743,000 after acquiring an additional 148,500 shares during the last quarter. Private Advisor Group LLC grew its position in LyondellBasell Industries by 44.3% during the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company’s stock worth $1,019,000 after acquiring an additional 4,442 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in LyondellBasell Industries by 56.7% during the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company’s stock worth $212,000 after acquiring an additional 1,091 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LYB. Citigroup decreased their target price on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. Rothschild & Co Redburn decreased their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Saturday, September 27th. Finally, UBS Group decreased their price target on shares of LyondellBasell Industries from $49.00 to $44.00 and set a “sell” rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $62.87.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s 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 transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

LyondellBasell Industries Stock Up 0.3%

Shares of NYSE LYB opened at $49.49 on Friday. The firm has a market capitalization of $15.92 billion, a PE ratio of 64.28 and a beta of 0.87. 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 N.V. has a 1 year low of $47.55 and a 1 year high of $96.81. The firm’s 50-day moving average is $53.48 and its 200-day moving average is $58.04.

LyondellBasell Industries (NYSE:LYB) last issued its 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). 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 the consensus estimate of $7.58 billion. During the same period last year, the business posted $2.24 EPS. The firm’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 11.1%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 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.