Algert Global LLC Takes Position in LyondellBasell Industries N.V. $LYB

Key Points

• Algert Global LLC has acquired 6,721 shares of LyondellBasell Industries, valued at approximately $473,000, marking a new position for the institutional investor in the first quarter.
• CEO Peter Z. E. Vanacker sold 20,000 shares of the company at $53.57 each, reducing his position by 11.09% and leaving him with shares valued at over $8.5 million.
• LyondellBasell's recent earnings report revealed a missed EPS estimate of $0.62 compared to a consensus of $0.87, while the company reported a revenue increase but a significant yearly decline in earnings.

Algert Global LLC acquired a new stake in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,721 shares of the specialty chemicals company's stock, valued at approximately $473,000.

Other hedge funds have also recently modified their holdings of the company. Rossby Financial LCC acquired a new position in shares of LyondellBasell Industries during the first quarter valued at about $25,000. JFS Wealth Advisors LLC increased its holdings in shares of LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Investment Management Corp VA ADV increased its holdings in shares of 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 acquiring an additional 261 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the first quarter valued at about $42,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently commented on LYB shares. Royal Bank Of Canada dropped their target price on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating on the stock in a research report on Tuesday, August 5th. Argus lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank Of America (Bofa) dropped their target price on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Wells Fargo & Company dropped their target price on LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $63.08.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded up $0.47 during mid-day trading on Friday, hitting $56.33. The company had a trading volume of 3,499,657 shares, compared to its average volume of 5,201,107. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a 12-month low of $47.55 and a 12-month high of $99.02. The company's fifty day moving average is $58.29 and its 200-day moving average is $61.99. The company has a market capitalization of $18.12 billion, a price-to-earnings ratio of 73.15 and a beta of 0.85.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released 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). LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company 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 company posted $2.24 EPS. The company's revenue for the quarter was down 11.8% on a year-over-year basis. Equities research analysts predict that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 9.7%. The ex-dividend date is Monday, August 25th. LyondellBasell Industries's dividend payout ratio is currently 711.69%.

LyondellBasell Industries 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.