8,124 Shares in LyondellBasell Industries N.V. $LYB Purchased by CW Advisors LLC

Key Points

• CW Advisors LLC has invested approximately $572,000 in LyondellBasell Industries N.V., acquiring 8,124 shares in the specialty chemicals company during the first quarter.
• Several institutional investors, including Pacer Advisors Inc., have significantly increased their stakes in LyondellBasell, with Pacer's stake rising by over 3,500% during the first quarter.
• Despite a revenue of $7.66 billion reported for the latest quarter, LyondellBasell's earnings per share of $0.62 fell short of analysts' expectations, indicating a year-over-year decline of 11.8% in revenue.

CW Advisors LLC purchased a new position in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,124 shares of the specialty chemicals company's stock, valued at approximately $572,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. M&T Bank Corp grew its position in shares of 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 position in shares of LyondellBasell Industries by 166.2% in the first 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 grew its position in shares of LyondellBasell Industries by 44.3% in the first 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. GAMMA Investing LLC grew its position 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. Finally, Farther Finance Advisors LLC grew its position in shares of LyondellBasell Industries by 28.3% in the first quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock valued at $642,000 after purchasing an additional 2,021 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LYB traded up $0.47 during trading hours on Monday, reaching $56.33. 3,499,657 shares of the company traded hands, compared to its average volume of 4,848,330. The stock's fifty day moving average is $58.27 and its 200 day moving average is $61.75. The stock has a market cap of $18.12 billion, a P/E ratio of 73.15 and a beta of 0.85. 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 N.V. has a 1-year low of $47.55 and a 1-year high of $99.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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 net margin of 0.74% and a return on equity of 9.35%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $7.58 billion. During the same quarter last year, the firm posted $2.24 earnings per share. LyondellBasell Industries's revenue was down 11.8% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. The trade was a 11.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LYB. BMO Capital Markets lowered their price target 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. Citigroup lowered their price target on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Bank Of America (Bofa) lowered their price target on LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $63.08.

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.