RFG Advisory LLC Cuts Stock Position in LyondellBasell Industries N.V. $LYB

RFG Advisory LLC lessened its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 18.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,383 shares of the specialty chemicals company’s stock after selling 968 shares during the period. RFG Advisory LLC’s holdings in LyondellBasell Industries were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LYB. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in LyondellBasell Industries by 69.1% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after purchasing an additional 102,140 shares in the last quarter. M&T Bank Corp grew its holdings in LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company’s stock valued at $1,405,000 after purchasing an additional 209 shares in the last quarter. KLP Kapitalforvaltning AS grew its holdings 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 valued at $16,743,000 after purchasing an additional 148,500 shares in the last quarter. Private Advisor Group LLC grew its holdings 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 valued at $1,019,000 after purchasing an additional 4,442 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in LyondellBasell Industries by 103.2% during the 1st quarter. NewEdge Advisors LLC now owns 44,265 shares of the specialty chemicals company’s stock valued at $3,116,000 after purchasing an additional 22,486 shares in the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

Insider Transactions 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 dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. 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.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective 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. Wells Fargo & Company decreased their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Evercore ISI decreased their price objective 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. Finally, Royal Bank Of Canada decreased their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. One investment 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 given a Sell rating to the company. According to MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average price target of $58.56.

LyondellBasell Industries Trading Up 0.7%

LyondellBasell Industries stock opened at $46.17 on Monday. The firm’s 50-day moving average is $51.95 and its 200-day moving average is $56.24. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a 1 year low of $44.89 and a 1 year high of $92.14. The company has a market cap of $14.85 billion, a P/E ratio of 59.97 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same quarter in the previous year, the business posted $2.24 earnings per share. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s payout ratio is presently 711.69%.

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.