Verdence Capital Advisors LLC Has $984,000 Holdings in LyondellBasell Industries N.V. $LYB

Verdence Capital Advisors LLC trimmed its position in LyondellBasell Industries N.V. (NYSE:LYB) by 26.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,012 shares of the specialty chemicals company’s stock after selling 5,976 shares during the quarter. Verdence Capital Advisors LLC’s holdings in LyondellBasell Industries were worth $984,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of LYB. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries in the first quarter valued at $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 purchasing an additional 310 shares in the last quarter. Investment Management Corp VA ADV raised its stake in shares of LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 261 shares in the last quarter. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries in the second quarter valued at $29,000. Finally, Brown Lisle Cummings Inc. raised its stake in shares of LyondellBasell Industries by 55.2% in the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 213 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on LYB. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a research note on Monday, August 4th. Mizuho lowered their price target on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research report on Friday, October 3rd. Bank Of America (Bofa) lowered their price target on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company lowered their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $59.44.

Insider Activity at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer owned 160,351 shares in the company, valued at $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. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $46.63 on Wednesday. The stock’s fifty day moving average is $52.15 and its 200-day moving average is $56.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The stock has a market capitalization of $15.00 billion, a PE ratio of 60.56 and a beta of 0.87. LyondellBasell Industries N.V. has a 52 week low of $44.89 and a 52 week high of $93.10.

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

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were issued a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 11.8%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend 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.