National Pension Service Sells 23,692 Shares of LyondellBasell Industries N.V. $LYB

National Pension Service trimmed its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 34.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,492 shares of the specialty chemicals company’s stock after selling 23,692 shares during the period. National Pension Service’s holdings in LyondellBasell Industries were worth $2,343,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in LyondellBasell Industries in the first quarter valued at approximately $48,000. Quarry LP acquired a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $31,000. Clearstead Advisors LLC lifted its holdings in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 390 shares during the period. CYBER HORNET ETFs LLC acquired a new position in shares of LyondellBasell Industries in the second quarter worth approximately $39,000. Finally, Kelleher Financial Advisors raised its stake in LyondellBasell Industries by 4,112.5% during the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 658 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $63.72 on Monday. The company has a fifty day simple moving average of $61.72 and a 200 day simple moving average of $66.05. LyondellBasell Industries N.V. has a 12-month low of $41.58 and a 12-month high of $83.94. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The company has a market cap of $20.58 billion, a P/E ratio of -56.38, a PEG ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. The firm had revenue of $9.18 billion for the quarter, compared to analyst estimates of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $0.62 earnings per share. Sell-side analysts predict that LyondellBasell Industries N.V. will post 9.18 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

Analysts Set New Price Targets

A number of analysts have commented on LYB shares. Wall Street Zen cut shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 5th. BMO Capital Markets lifted their price objective on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a research report on Monday, August 3rd. Alembic Global Advisors cut their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Finally, Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $72.41.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.