LyondellBasell Industries N.V. $LYB Shares Bought by tru Independence LLC

tru Independence LLC raised its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 3.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,821 shares of the specialty chemicals company’s stock after acquiring an additional 2,641 shares during the quarter. tru Independence LLC’s holdings in LyondellBasell Industries were worth $4,561,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of LYB. Pacer Advisors Inc. lifted its holdings in LyondellBasell Industries by 3,502.2% in the 1st quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after acquiring an additional 1,959,576 shares during the last quarter. HighTower Advisors LLC lifted its holdings in LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock valued at $123,907,000 after acquiring an additional 1,020,169 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock valued at $650,465,000 after acquiring an additional 657,443 shares during the last quarter. Nuveen LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at about $43,280,000. Finally, Invesco Ltd. lifted its holdings in LyondellBasell Industries by 10.4% in the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company’s stock valued at $452,852,000 after acquiring an additional 606,234 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LYB has been the subject of a number of research analyst reports. Evercore ISI cut their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday. Royal Bank Of Canada reduced their price objective on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Mizuho upped their price objective on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. Finally, Rothschild & Co Redburn reduced their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, September 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $64.00.

LyondellBasell Industries Price Performance

NYSE LYB opened at $50.39 on Wednesday. The company has a 50 day simple moving average of $55.76 and a 200-day simple moving average of $59.31. 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 firm has a market capitalization of $16.21 billion, a price-to-earnings ratio of 65.44 and a beta of 0.85. LyondellBasell Industries N.V. has a 52-week low of $47.55 and a 52-week high of $97.60.

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 analysts’ consensus estimates 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 return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the company earned $2.24 earnings per share. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the 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 sale, the chief executive officer directly owned 160,351 shares of the company’s stock, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

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.