Blue Trust Inc. Buys 571 Shares of LyondellBasell Industries N.V. $LYB

Blue Trust Inc. boosted its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 27.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,660 shares of the specialty chemicals company’s stock after buying an additional 571 shares during the quarter. Blue Trust Inc.’s holdings in LyondellBasell Industries were worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of LYB. Rossby Financial LCC acquired a new position in LyondellBasell Industries during the first quarter worth approximately $25,000. JFS Wealth Advisors LLC increased its position in LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 310 shares during the last quarter. Investment Management Corp VA ADV increased its position in LyondellBasell Industries by 177.6% during the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 261 shares during the last quarter. Hilltop National Bank acquired a new position in LyondellBasell Industries during the second quarter worth approximately $29,000. Finally, Brown Lisle Cummings Inc. increased its position in LyondellBasell Industries by 55.2% during the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 213 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $46.76 on Thursday. LyondellBasell Industries N.V. has a one year low of $44.89 and a one year high of $93.03. The company has a market cap of $15.04 billion, a PE ratio of 60.73 and a beta of 0.87. 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 stock has a 50-day moving average of $52.09 and a 200-day moving average of $56.72.

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

LyondellBasell Industries Announces Dividend

The company also recently announced 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 of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Analysts Set New Price Targets

LYB has been the topic of a number of recent analyst reports. Citigroup lowered their price target on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, October 2nd. Mizuho reduced 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. Royal Bank Of Canada cut their target price on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. BMO Capital Markets dropped their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, August 4th. One equities research 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $59.44.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.