LyondellBasell Industries N.V. $LYB Shares Bought by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. raised its position in LyondellBasell Industries N.V. (NYSE:LYB) by 98.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,773 shares of the specialty chemicals company’s stock after acquiring an additional 1,873 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in LyondellBasell Industries were worth $218,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Rossby Financial LCC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $25,000. Investment Management Corp VA ADV increased its stake in shares of 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 valued at $29,000 after acquiring an additional 261 shares during the period. Hilltop National Bank acquired a new position in shares of LyondellBasell Industries during the second quarter valued at approximately $29,000. Brown Lisle Cummings Inc. increased its stake in shares of LyondellBasell Industries by 55.2% during the second quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 213 shares during the period. Finally, TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the first quarter valued at approximately $42,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

LyondellBasell Industries Trading Up 1.6%

LyondellBasell Industries stock opened at $47.58 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. LyondellBasell Industries N.V. has a 1 year low of $44.87 and a 1 year high of $88.79. The firm’s 50 day moving average price is $51.39 and its two-hundred day moving average price is $55.91.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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 during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the firm posted $2.24 EPS. The company’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, 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 disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Analyst Ratings Changes

A number of research firms recently commented on LYB. Mizuho lowered their price objective on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Friday, October 3rd. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group lowered their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Finally, The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $58.56.

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.