LyondellBasell Industries N.V. $LYB Shares Purchased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. increased its position in LyondellBasell Industries by 15.7%, owning approximately 4.1 million shares worth $289 million at the end of Q1.
• LyondellBasell reported a loss of $0.62 EPS in its latest earnings, missing the consensus estimate, and experienced an 11.8% decline in year-over-year revenue.
• The company announced a quarterly dividend of $1.37 per share, translating to a dividend yield of 10.1%, with a payout ratio of 711.69%.

Alliancebernstein L.P. increased its position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 15.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,105,317 shares of the specialty chemicals company's stock after acquiring an additional 557,397 shares during the period. Alliancebernstein L.P. owned approximately 1.28% of LyondellBasell Industries worth $289,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp grew its holdings in LyondellBasell Industries by 1.1% in the first quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock valued at $1,405,000 after purchasing an additional 209 shares during the last quarter. KLP Kapitalforvaltning AS grew its stake in LyondellBasell Industries by 166.2% in the 1st quarter. KLP Kapitalforvaltning AS now owns 237,831 shares of the specialty chemicals company's stock valued at $16,743,000 after acquiring an additional 148,500 shares during the last quarter. Private Advisor Group LLC increased its holdings in LyondellBasell Industries by 44.3% during the 1st quarter. Private Advisor Group LLC now owns 14,474 shares of the specialty chemicals company's stock valued at $1,019,000 after acquiring an additional 4,442 shares in the last quarter. GAMMA Investing LLC increased its holdings in LyondellBasell Industries by 56.7% during the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock valued at $212,000 after acquiring an additional 1,091 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in LyondellBasell Industries by 28.3% during the first quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock worth $642,000 after acquiring an additional 2,021 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LYB. Royal Bank Of Canada lowered their price target on shares of 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. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Mizuho raised their price target on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. BMO Capital Markets reduced their price objective on LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating on the stock in a research report on Wednesday, August 6th. Finally, Bank Of America (Bofa) decreased their price objective on LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $63.08.

Insider Transactions at LyondellBasell Industries

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 completion of the transaction, the chief executive officer owned 160,351 shares of the company's stock, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

LyondellBasell Industries Trading Down 1.0%

Shares of LYB stock traded down $0.54 during mid-day trading on Tuesday, hitting $54.09. 1,520,884 shares of the company's stock were exchanged, compared to its average volume of 3,913,942. The stock has a market cap of $17.40 billion, a price-to-earnings ratio of 70.29 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. LyondellBasell Industries N.V. has a fifty-two week low of $47.55 and a fifty-two week high of $97.60. The stock has a 50-day simple moving average of $57.93 and a two-hundred day simple moving average of $60.96.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share 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 business had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $7.58 billion. During the same quarter last year, the company posted $2.24 earnings per share. The business's quarterly revenue was down 11.8% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.1%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 711.69%.

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.