Asset Management One Co. Ltd. Purchases 35,338 Shares of LyondellBasell Industries N.V. $LYB

Asset Management One Co. Ltd. increased its stake in LyondellBasell Industries N.V. (NYSE:LYB) by 28.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 158,763 shares of the specialty chemicals company’s stock after buying an additional 35,338 shares during the quarter. Asset Management One Co. Ltd.’s holdings in LyondellBasell Industries were worth $9,186,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LYB. Rossby Financial LCC bought a new stake in LyondellBasell Industries in the first quarter worth $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 buying an additional 261 shares during the period. Hilltop National Bank purchased a new position in shares of LyondellBasell Industries during the second quarter valued at $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 buying an additional 213 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in LyondellBasell Industries in the first quarter valued at about $42,000. 71.20% of the stock is currently owned by institutional investors.

Insider Activity at LyondellBasell Industries

In other 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 value 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 represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

LyondellBasell Industries Stock Up 3.1%

Shares of LYB opened at $49.05 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a one year low of $44.87 and a one year high of $88.79. The stock has a market capitalization of $15.78 billion, a price-to-earnings ratio of 63.70 and a beta of 0.87. The stock has a 50 day moving average price of $51.31 and a 200 day moving average price of $55.81.

LyondellBasell Industries (NYSE:LYB) last issued 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). The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm’s quarterly revenue was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 earnings per share. Equities research analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Analyst Upgrades and Downgrades

LYB has been the topic of several analyst reports. Bank Of America (Bofa) cut their target price on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. UBS Group decreased their target price on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Mizuho decreased their price target 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, Bank of America decreased their price target on LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. One 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. According to data from MarketBeat, LyondellBasell Industries currently 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.