Bell Bank Has $6.65 Million Stock Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Bell Bank has increased its holdings in LyondellBasell Industries by 7.7%, owning 114,997 shares valued at approximately $6.65 million as of the latest SEC filing.
• Several hedge funds have also boosted their positions in LyondellBasell, with Charles Schwab and JPMorgan Chase making significant increases in their stock ownership during the first quarter.
• LyondellBasell's recent earnings report showed a miss on EPS estimates, with an earnings per share of $0.62, and a notable revenue decline of 11.8% compared to the same quarter last year.

Bell Bank raised its stake in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 7.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,997 shares of the specialty chemicals company's stock after buying an additional 8,195 shares during the period. Bell Bank's holdings in LyondellBasell Industries were worth $6,654,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allen Mooney & Barnes Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 69.1% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company's stock valued at $14,456,000 after acquiring an additional 102,140 shares in the last quarter. M&T Bank Corp grew its holdings in shares of LyondellBasell Industries by 1.1% during the 1st quarter. M&T Bank Corp now owns 19,950 shares of the specialty chemicals company's stock valued at $1,405,000 after acquiring an additional 209 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in shares of 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 purchasing an additional 148,500 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of LyondellBasell Industries by 44.3% in 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 purchasing an additional 4,442 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of LyondellBasell Industries by 56.7% in the 1st 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. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LYB has been the subject of a number of research analyst reports. UBS Group cut their target price on shares of LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a research report on Thursday, August 7th. Citigroup cut their price objective on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Evercore ISI cut their price objective on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Finally, Bank Of America (Bofa) dropped their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of "Hold" and an average price target of $64.00.

LyondellBasell Industries Trading Up 1.0%

LYB stock traded up $0.49 during midday trading on Tuesday, reaching $51.59. The company's stock had a trading volume of 1,057,120 shares, compared to its average volume of 3,999,510. LyondellBasell Industries N.V. has a 52 week low of $47.55 and a 52 week high of $97.60. The stock has a market cap of $16.59 billion, a PE ratio of 66.94 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. The business's 50-day simple moving average is $56.00 and its 200-day simple moving average is $59.37.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted 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 firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the business posted $2.24 earnings per share. The company's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, sell-side analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 25th were paid a dividend of $1.37 per share. The ex-dividend date was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 10.6%. LyondellBasell Industries's payout ratio is currently 711.69%.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business's stock in a transaction dated 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 transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by corporate insiders.

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.