Unison Advisors LLC Increases Position in LyondellBasell Industries N.V. $LYB

Unison Advisors LLC increased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,243 shares of the specialty chemicals company’s stock after purchasing an additional 976 shares during the quarter. Unison Advisors LLC’s holdings in LyondellBasell Industries were worth $2,444,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Cidel Asset Management Inc. increased its holdings in shares of LyondellBasell Industries by 16.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 5,540 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 777 shares in the last quarter. Forvis Mazars Wealth Advisors LLC raised its position in LyondellBasell Industries by 11.2% during the second quarter. Forvis Mazars Wealth Advisors LLC now owns 4,185 shares of the specialty chemicals company’s stock worth $242,000 after acquiring an additional 420 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new position in LyondellBasell Industries during the second quarter worth about $184,000. Citizens Business Bank raised its position in LyondellBasell Industries by 1.1% during the second quarter. Citizens Business Bank now owns 47,367 shares of the specialty chemicals company’s stock worth $2,741,000 after acquiring an additional 511 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in LyondellBasell Industries by 14.7% during the second quarter. Stratos Wealth Partners LTD. now owns 3,547 shares of the specialty chemicals company’s stock worth $205,000 after acquiring an additional 454 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB opened at $46.17 on Monday. The company has a market cap of $14.85 billion, a PE ratio of 59.97 and a beta of 0.87. LyondellBasell Industries N.V. has a 12 month low of $44.89 and a 12 month high of $92.14. 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 50-day simple moving average of $51.95 and a 200-day simple moving average of $56.24.

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

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.9%. 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 firm’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 value of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LYB. Mizuho cut their target price on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. Bank of America cut their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Citigroup cut their target price on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft cut 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 report on Wednesday, October 1st. Finally, The Goldman Sachs Group cut their target price on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $58.56.

LyondellBasell Industries Company 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.