LyondellBasell Industries N.V. $LYB Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,265 shares of the specialty chemicals company’s stock after selling 7,624 shares during the quarter. Jefferies Financial Group Inc.’s holdings in LyondellBasell Industries were worth $652,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Bank of Montreal Can increased its holdings in shares of LyondellBasell Industries by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock worth $37,681,000 after buying an additional 15,264 shares during the last quarter. Rockefeller Capital Management L.P. grew its position in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after acquiring an additional 16,234 shares during the period. Kingsview Wealth Management LLC increased its stake in LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after acquiring an additional 14,217 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC raised 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 period. Finally, First Horizon Advisors Inc. lifted its stake in shares of LyondellBasell Industries by 13.0% in the 2nd quarter. First Horizon Advisors Inc. now owns 476,628 shares of the specialty chemicals company’s stock valued at $27,578,000 after purchasing an additional 54,966 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $48.52 on Friday. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The company has a market capitalization of $15.62 billion, a price-to-earnings ratio of 63.02 and a beta of 0.87. The firm’s fifty day moving average price is $46.65 and its 200 day moving average price is $53.85.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same period last year, the firm earned $1.88 earnings per share. The company’s revenue was down 10.2% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Shareholders of record on Monday, December 1st will be issued a dividend of $1.37 per share. The ex-dividend date is Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 11.3%. LyondellBasell Industries’s payout ratio is currently -146.13%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Evercore ISI dropped their target price on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating for the company in a research report on Tuesday, November 11th. Royal Bank Of Canada dropped 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 research report on Tuesday, August 5th. Zacks Research lowered shares of LyondellBasell Industries from a “hold” rating to a “strong sell” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. Finally, Rothschild & Co Redburn cut their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $56.19.

Insider Activity

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of $43.56 per share, with a total value of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

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.