Securian Asset Management Inc. Sells 300 Shares of LyondellBasell Industries N.V. $LYB

Securian Asset Management Inc. lessened its position in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,350 shares of the specialty chemicals company’s stock after selling 300 shares during the quarter. Securian Asset Management Inc.’s holdings in LyondellBasell Industries were worth $772,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Rossby Financial LCC purchased a new position in shares of LyondellBasell Industries in the first quarter valued at $25,000. Investment Management Corp VA ADV lifted its position in 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 purchasing an additional 261 shares during the last quarter. Hilltop National Bank purchased a new position in shares of LyondellBasell Industries in the 2nd quarter worth $29,000. Brown Lisle Cummings Inc. increased its holdings in shares of LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock worth $35,000 after buying an additional 213 shares during the last quarter. Finally, TruNorth Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth about $42,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Up 1.6%

Shares of NYSE LYB opened at $47.58 on Friday. LyondellBasell Industries N.V. has a fifty-two week low of $44.87 and a fifty-two week high of $88.79. 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 company has a market cap of $15.30 billion, a price-to-earnings ratio of 61.79 and a beta of 0.87. The business’s 50 day moving average price is $51.39 and its 200-day moving average price is $55.89.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data 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). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The business had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the previous year, the firm earned $2.24 EPS. LyondellBasell Industries’s revenue was down 11.8% compared to the same quarter last year. On average, sell-side 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 declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 11.5%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 711.69%.

Insiders Place Their Bets

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction dated 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. The trade was a 11.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

LYB has been the subject of a number of analyst reports. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. BMO Capital Markets lowered their price objective on 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. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th. Mizuho decreased their price target on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating on the stock in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has an average 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.