apricus wealth LLC Sells 1,633 Shares of LyondellBasell Industries N.V. $LYB

apricus wealth LLC cut its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 4.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,975 shares of the specialty chemicals company’s stock after selling 1,633 shares during the period. apricus wealth LLC’s holdings in LyondellBasell Industries were worth $1,908,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Rossby Financial LCC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at approximately $25,000. JFS Wealth Advisors LLC raised its stake in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock valued at $28,000 after acquiring an additional 310 shares during the period. Investment Management Corp VA ADV lifted its holdings in shares of LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 261 shares during the last quarter. Hilltop National Bank purchased a new position in shares of LyondellBasell Industries during the 2nd quarter worth about $29,000. Finally, Brown Lisle Cummings Inc. boosted its stake in shares of LyondellBasell Industries by 55.2% during the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 213 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $45.64 on Tuesday. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 59.27 and a beta of 0.87. The firm has a 50 day moving average of $51.89 and a 200 day moving average of $56.15. LyondellBasell Industries N.V. has a 52 week low of $44.89 and a 52 week high of $91.64.

LyondellBasell Industries (NYSE:LYB) last announced 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 net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the business posted $2.24 earnings per share. The company’s revenue was down 11.8% compared to the same quarter last year. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were issued a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Insider Activity

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction that occurred on 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 owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

LYB has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. UBS Group cut their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research report on Monday, October 6th. BMO Capital Markets decreased their target price on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research report on Wednesday, August 6th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.56.

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.