Securian Asset Management Inc. Sells 300 Shares of LyondellBasell Industries N.V. $LYB

Securian Asset Management Inc. lowered its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 2.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,350 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in LyondellBasell Industries were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in shares of LyondellBasell Industries by 56.7% in the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company’s stock worth $212,000 after acquiring an additional 1,091 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of LyondellBasell Industries by 31.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 13,168 shares of the specialty chemicals company’s stock valued at $927,000 after purchasing an additional 3,114 shares during the period. Asset Management One Co. Ltd. grew its stake in shares of LyondellBasell Industries by 2.1% during the 1st quarter. Asset Management One Co. Ltd. now owns 123,425 shares of the specialty chemicals company’s stock valued at $8,689,000 after purchasing an additional 2,587 shares during the period. Perigon Wealth Management LLC lifted its stake in shares of LyondellBasell Industries by 0.9% in the 1st quarter. Perigon Wealth Management LLC now owns 25,955 shares of the specialty chemicals company’s stock worth $1,827,000 after purchasing an additional 239 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of LyondellBasell Industries by 10.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 468,630 shares of the specialty chemicals company’s stock worth $32,992,000 after purchasing an additional 43,981 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of research reports. Royal Bank Of Canada reduced their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a report on Tuesday, August 5th. Rothschild & Co Redburn reduced their price objective on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. Evercore ISI decreased their target price on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a report on Tuesday, September 23rd. BMO Capital Markets cut their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday, August 6th. Finally, UBS Group decreased their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have assigned 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 an average target price of $58.56.

Insider Activity 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 shares were 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 owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $47.58 on Friday. The business’s 50-day simple moving average is $51.39 and its two-hundred day simple moving average is $55.89. LyondellBasell Industries N.V. has a 52 week low of $44.87 and a 52 week high of $88.79. The stock has a market cap of $15.30 billion, a PE ratio of 61.79 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94.

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

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

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.