DekaBank Deutsche Girozentrale Sells 2,761 Shares of LyondellBasell Industries N.V. $LYB

DekaBank Deutsche Girozentrale lowered its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 294,321 shares of the specialty chemicals company’s stock after selling 2,761 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.09% of LyondellBasell Industries worth $17,634,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Alan B Lancz & Associates Inc. boosted its holdings in LyondellBasell Industries by 7.2% in the 2nd quarter. Alan B Lancz & Associates Inc. now owns 3,700 shares of the specialty chemicals company’s stock valued at $214,000 after purchasing an additional 250 shares during the period. Townsend & Associates Inc boosted its holdings in LyondellBasell Industries by 15.4% in the 2nd quarter. Townsend & Associates Inc now owns 33,502 shares of the specialty chemicals company’s stock valued at $2,144,000 after purchasing an additional 4,483 shares during the period. Unison Advisors LLC boosted its holdings in LyondellBasell Industries by 2.4% in the 2nd quarter. Unison Advisors LLC now owns 42,243 shares of the specialty chemicals company’s stock valued at $2,444,000 after purchasing an additional 976 shares during the period. Cidel Asset Management Inc. boosted its holdings in LyondellBasell Industries by 16.3% in the 2nd quarter. Cidel Asset Management Inc. now owns 5,540 shares of the specialty chemicals company’s stock valued at $321,000 after purchasing an additional 777 shares during the period. Finally, Forvis Mazars Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 11.2% in the 2nd quarter. Forvis Mazars Wealth Advisors LLC now owns 4,185 shares of the specialty chemicals company’s stock valued at $242,000 after purchasing an additional 420 shares during the period. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $45.20 on Thursday. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 58.70 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 firm has a 50 day simple moving average of $51.64 and a 200 day simple moving average of $56.00. LyondellBasell Industries N.V. has a one year low of $44.87 and a one year high of $89.50.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 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 the consensus estimate of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. LyondellBasell Industries’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.24 EPS. Research analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business 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 annualized dividend and a yield of 12.1%. LyondellBasell Industries’s dividend payout ratio is presently 711.69%.

Insider Buying and Selling

In related 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 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 Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LYB. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, Mizuho cut their price target on shares of LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus target price 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.