Yousif Capital Management LLC Sells 9,169 Shares of LyondellBasell Industries N.V. $LYB

Yousif Capital Management LLC decreased its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 18.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,864 shares of the specialty chemicals company’s stock after selling 9,169 shares during the period. Yousif Capital Management LLC’s holdings in LyondellBasell Industries were worth $2,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Rossby Financial LCC bought a new position in LyondellBasell Industries in the 1st quarter valued at $25,000. JFS Wealth Advisors LLC grew its position in LyondellBasell Industries by 352.3% in the 1st 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 last quarter. Investment Management Corp VA ADV grew its position in 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 valued at $29,000 after acquiring an additional 261 shares during the last quarter. Hilltop National Bank bought a new position in LyondellBasell Industries in the 2nd quarter valued at $29,000. Finally, TruNorth Capital Management LLC bought a new position in LyondellBasell Industries in the 1st quarter valued at $42,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.7%

Shares of NYSE LYB opened at $46.17 on Friday. 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 market capitalization of $14.85 billion, a P/E ratio of 59.97 and a beta of 0.87. LyondellBasell Industries N.V. has a 1-year low of $44.89 and a 1-year high of $92.14. The business has a fifty day moving average price of $51.95 and a 200 day moving average price of $56.38.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The company 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 company’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. Equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Insider Buying and Selling at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

LYB has been the topic of several research analyst reports. Bank Of America (Bofa) cut their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Evercore ISI cut 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. Royal Bank Of Canada cut their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research report on Tuesday, August 5th. Mizuho lowered their target price on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. Finally, Citigroup lowered their target price on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from 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.