Citizens Business Bank Purchases 511 Shares of LyondellBasell Industries N.V. $LYB

Citizens Business Bank increased its position in LyondellBasell Industries N.V. (NYSE:LYB) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,367 shares of the specialty chemicals company’s stock after purchasing an additional 511 shares during the quarter. Citizens Business Bank’s holdings in LyondellBasell Industries were worth $2,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LYB. Pacer Advisors Inc. boosted its position in LyondellBasell Industries by 3,502.2% during 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 in the last quarter. HighTower Advisors LLC boosted its position in LyondellBasell Industries by 137.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in LyondellBasell Industries by 7.7% during 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 in the last quarter. Nuveen LLC bought a new stake in LyondellBasell Industries during the 1st quarter valued at $43,280,000. Finally, Invesco Ltd. boosted its position in LyondellBasell Industries by 10.4% during 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 in the last quarter. Institutional investors own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries stock in a transaction dated 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 owned 160,351 shares in the company, valued at approximately $8,590,003.07. This trade represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $46.17 on Friday. The firm has a market capitalization of $14.85 billion, a price-to-earnings ratio of 59.97 and a beta of 0.87. 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 business has a fifty day moving average of $51.95 and a 200 day moving average of $56.38. LyondellBasell Industries N.V. has a 1 year low of $44.89 and a 1 year high of $92.14.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion for 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 business’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.24 EPS. As a group, research analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.9%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 711.69%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LYB. UBS Group decreased their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a report on Monday, October 6th. Evercore ISI decreased their price objective on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th. BMO Capital Markets decreased their price objective 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, Bank Of America (Bofa) decreased their price objective on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. One research 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 given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $58.56.

LyondellBasell Industries Company 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.