Prime Capital Investment Advisors LLC Sells 1,662 Shares of LyondellBasell Industries N.V. $LYB

Prime Capital Investment Advisors LLC lessened its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 25.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 4,837 shares of the specialty chemicals company’s stock after selling 1,662 shares during the period. Prime Capital Investment Advisors LLC’s holdings in LyondellBasell Industries were worth $280,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of LYB. Pacer Advisors Inc. lifted its position in shares of LyondellBasell Industries by 3,502.2% in the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after acquiring an additional 1,959,576 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of LyondellBasell Industries by 137.9% in the first quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after acquiring an additional 1,020,169 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after acquiring an additional 657,443 shares in the last quarter. Nuveen LLC purchased a new position in shares of LyondellBasell Industries in the first quarter valued at about $43,280,000. Finally, Invesco Ltd. lifted its position in shares of LyondellBasell Industries by 10.4% in the first quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after acquiring an additional 606,234 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $44.96 on Friday. The business’s 50-day moving average is $52.35 and its 200 day moving average is $57.12. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12 month low of $44.89 and a 12 month high of $95.27. The company has a market capitalization of $14.46 billion, a P/E ratio of 58.38 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter last year, the company earned $2.24 earnings per share. The company’s revenue for the quarter was down 11.8% on a year-over-year basis. On average, equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 12.2%. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LYB shares. Evercore ISI lowered their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Mizuho lowered their price objective 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. Deutsche Bank Aktiengesellschaft lowered their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. BMO Capital Markets decreased their target price on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 6th. Finally, JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” 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, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price of $60.07.

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.