Foster & Motley Inc. Cuts Stock Holdings in LyondellBasell Industries N.V. $LYB

Foster & Motley Inc. reduced its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,345 shares of the specialty chemicals company’s stock after selling 6,934 shares during the period. Foster & Motley Inc.’s holdings in LyondellBasell Industries were worth $2,392,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Rossby Financial LCC purchased a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $25,000. JFS Wealth Advisors LLC grew its position 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 grew its position 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 purchased a new stake in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. Finally, Brown Lisle Cummings Inc. grew its position 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 hedge funds and other institutional investors.

Insider Activity at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’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 transaction, the chief executive officer directly 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 filing with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LYB shares. 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 report on Monday, August 4th. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. Bank of America dropped their price target on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Royal Bank Of Canada dropped their price target on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research report on Tuesday, August 5th. Finally, Mizuho lowered their price objective on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. One 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $58.56.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $46.17 on Friday. LyondellBasell Industries N.V. has a 52 week low of $44.89 and a 52 week high of $92.14. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $14.85 billion, a P/E ratio of 59.97 and a beta of 0.87. The stock’s fifty day moving average is $51.95 and its two-hundred day moving average is $56.28.

LyondellBasell Industries (NYSE:LYB) last posted its 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). 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 analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the firm earned $2.24 EPS. LyondellBasell Industries’s revenue for the quarter was down 11.8% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 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.