LyondellBasell Industries N.V. $LYB Shares Purchased by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. significantly increased its stock position in LyondellBasell Industries by 55.3%, acquiring a total of 36,734 shares worth approximately $2.59 million.
• The company reported a net margin of 0.74% and a revenue decline of 11.8% year-over-year despite exceeding revenue expectations at $7.66 billion for the latest quarter.
• A recent quarterly dividend of $1.37 was paid to shareholders, indicating a high annualized dividend yield of 10.0%, although the company's payout ratio stands significantly high at 711.69%.

Advisors Asset Management Inc. grew its holdings in shares of LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 55.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,734 shares of the specialty chemicals company's stock after purchasing an additional 13,074 shares during the period. Advisors Asset Management Inc.'s holdings in LyondellBasell Industries were worth $2,586,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of LYB. Bank Pictet & Cie Europe AG increased its stake in LyondellBasell Industries by 26.9% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock worth $14,013,000 after purchasing an additional 39,957 shares during the period. Ameriprise Financial Inc. increased its stake in shares of LyondellBasell Industries by 127.6% during the fourth quarter. Ameriprise Financial Inc. now owns 671,391 shares of the specialty chemicals company's stock worth $49,848,000 after buying an additional 376,468 shares during the period. Baird Financial Group Inc. increased its stake in shares of LyondellBasell Industries by 1.2% during the fourth quarter. Baird Financial Group Inc. now owns 29,356 shares of the specialty chemicals company's stock worth $2,180,000 after buying an additional 334 shares during the period. Deutsche Bank AG increased its stake in shares of LyondellBasell Industries by 38.4% during the fourth quarter. Deutsche Bank AG now owns 1,446,788 shares of the specialty chemicals company's stock worth $107,453,000 after buying an additional 401,412 shares during the period. Finally, Graham Capital Management L.P. purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $320,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $0.92 during trading hours on Thursday, hitting $55.32. The company's stock had a trading volume of 3,892,114 shares, compared to its average volume of 3,921,276. LyondellBasell Industries N.V. has a 52-week low of $47.55 and a 52-week high of $97.60. The company has a market capitalization of $17.79 billion, a PE ratio of 71.83 and a beta of 0.85. The business's 50-day moving average is $57.63 and its two-hundred day moving average is $60.87. 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 (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share 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 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 business earned $2.24 EPS. The company's quarterly revenue was down 11.8% compared to the same quarter last year. As a group, research analysts anticipate 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 paid a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a dividend yield of 9.9%. LyondellBasell Industries's dividend payout ratio (DPR) is presently 711.69%.

Insider Activity at LyondellBasell Industries

In related 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 of the company's stock, valued at $8,590,003.07. This trade represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LYB shares. Mizuho upped their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. BMO Capital Markets decreased their price objective 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. Royal Bank Of Canada cut their price target on LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a research note on Tuesday, August 5th. 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 research note on Monday, August 4th. Finally, UBS Group cut their price target on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $63.08.

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.