Schnieders Capital Management LLC Reduces Position in LyondellBasell Industries N.V. $LYB

Schnieders Capital Management LLC decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB) by 33.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,460 shares of the specialty chemicals company’s stock after selling 2,715 shares during the period. Schnieders Capital Management LLC’s holdings in LyondellBasell Industries were worth $316,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LYB. GAMMA Investing LLC increased its holdings in shares of LyondellBasell Industries by 56.7% in the first quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company’s stock valued at $212,000 after purchasing an additional 1,091 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in shares of LyondellBasell Industries by 27.1% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,371 shares of the specialty chemicals company’s stock worth $97,000 after acquiring an additional 292 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of LyondellBasell Industries by 21.2% during the 1st quarter. Blue Trust Inc. now owns 2,089 shares of the specialty chemicals company’s stock worth $147,000 after acquiring an additional 365 shares during the period. Flagship Harbor Advisors LLC boosted its position in shares of LyondellBasell Industries by 80.7% during the 1st quarter. Flagship Harbor Advisors LLC now owns 6,712 shares of the specialty chemicals company’s stock valued at $473,000 after acquiring an additional 2,997 shares during the last quarter. Finally, Stiles Financial Services Inc grew its holdings in shares of LyondellBasell Industries by 21.0% in the first quarter. Stiles Financial Services Inc now owns 9,892 shares of the specialty chemicals company’s stock valued at $696,000 after purchasing an additional 1,717 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Trading Down 1.2%

LYB opened at $45.64 on Tuesday. LyondellBasell Industries N.V. has a 52 week low of $44.89 and a 52 week high of $91.64. 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 $51.89 and a 200-day simple moving average of $56.15. The firm has a market cap of $14.68 billion, a P/E ratio of 59.27 and a beta of 0.87.

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 the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. During the same quarter in the prior year, the firm posted $2.24 EPS. LyondellBasell Industries’s quarterly revenue was down 11.8% compared to the same quarter last year. On average, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were issued a $1.37 dividend. The ex-dividend date was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 12.0%. LyondellBasell Industries’s payout ratio is 711.69%.

Analyst Ratings Changes

A number of brokerages have commented on LYB. Bank of America reduced their target price on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. UBS Group decreased their price objective on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. Citigroup decreased their price target on LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, October 2nd. Finally, Mizuho cut their price objective on LyondellBasell Industries from $62.00 to $54.00 and set a “neutral” rating for the company in a research report on Friday, October 3rd. One equities research 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.