4,935 Shares in LyondellBasell Industries N.V. $LYB Acquired by Cooper Financial Group

Cooper Financial Group acquired a new position in shares of LyondellBasell Industries N.V. (NYSE:LYB) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,935 shares of the specialty chemicals company’s stock, valued at approximately $286,000.

Other institutional investors have also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $25,000. JFS Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Investment Management Corp VA ADV raised its position in shares of LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 261 shares during the last quarter. TruNorth Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at $42,000. Finally, Brown Lisle Cummings Inc. raised its holdings in LyondellBasell Industries by 55.2% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 599 shares of the specialty chemicals company’s stock valued at $35,000 after acquiring an additional 213 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 1.8%

LYB stock opened at $49.30 on Friday. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 64.03 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $53.77 and a 200-day simple moving average of $58.22. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $96.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The firm had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 earnings per share. On average, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a yield of 11.1%. The ex-dividend date of this dividend was Monday, August 25th. LyondellBasell Industries’s dividend payout ratio is 711.69%.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction 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 approximately $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 accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LYB. Rothschild & Co Redburn cut their price target on LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating for the company in a report on Friday, September 12th. Citigroup cut their price target on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday. BMO Capital Markets cut their price target 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. Wells Fargo & Company cut their price target on LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, August 4th. Finally, Bank Of America (Bofa) cut their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $63.73.

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.