LyondellBasell Industries N.V. $LYB Shares Acquired by MGO One Seven LLC

MGO One Seven LLC increased its stake in shares of LyondellBasell Industries N.V. (NYSE:LYB) by 20.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,908 shares of the specialty chemicals company’s stock after acquiring an additional 1,324 shares during the period. MGO One Seven LLC’s holdings in LyondellBasell Industries were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Crews Bank & Trust increased its holdings in shares of LyondellBasell Industries by 16.4% in the second quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 175 shares during the period. Forza Wealth Management LLC increased its stake in LyondellBasell Industries by 1.6% in the 1st quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock valued at $894,000 after buying an additional 200 shares during the period. Central Pacific Bank Trust Division raised its position in LyondellBasell Industries by 4.3% during the 2nd quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after buying an additional 200 shares during the last quarter. TCW Group Inc. lifted its stake in shares of LyondellBasell Industries by 1.1% in the 1st quarter. TCW Group Inc. now owns 18,428 shares of the specialty chemicals company’s stock worth $1,297,000 after acquiring an additional 202 shares during the period. Finally, Horizon Investments LLC boosted its holdings in shares of LyondellBasell Industries by 2.5% in the first quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock valued at $584,000 after acquiring an additional 202 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.7%

LyondellBasell Industries 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 quick ratio of 1.04 and a current ratio of 1.77. LyondellBasell Industries N.V. has a fifty-two week low of $44.89 and a fifty-two week high of $92.14. The stock’s fifty day moving average is $51.95 and its two-hundred day moving average is $56.28.

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 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 during the quarter, compared to analyst estimates of $7.58 billion. During the same period in the previous year, the company posted $2.24 earnings per share. LyondellBasell Industries’s revenue was down 11.8% on a year-over-year basis. Analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS 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 given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries’s payout ratio is currently 711.69%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on 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 sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

LYB has been the subject of a number of recent analyst reports. The Goldman Sachs Group reduced their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday. Bank Of America (Bofa) reduced their price target on LyondellBasell Industries from $56.00 to $55.00 in a report on Monday, June 30th. UBS Group cut their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday, October 6th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $58.56.

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.