Dimensional Fund Advisors LP Has $300.07 Million Holdings in LyondellBasell Industries N.V. $LYB

Key Points

• Dimensional Fund Advisors LP reduced its stake in LyondellBasell Industries by 6.7% to approximately $300 million, owning 4.26 million shares as of the latest SEC disclosure.
• LyondellBasell reported earnings per share of $0.62, missing estimates by $0.25, while experiencing an 11.8% decline in quarterly revenue year-over-year.
• The company declared a quarterly dividend of $1.37 per share, offering an annualized yield of 10.3%, with a substantial dividend payout ratio of 711.69%.

Dimensional Fund Advisors LP decreased its holdings in LyondellBasell Industries N.V. (NYSE:LYB - Free Report) by 6.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,262,869 shares of the specialty chemicals company's stock after selling 306,218 shares during the quarter. Dimensional Fund Advisors LP owned 1.33% of LyondellBasell Industries worth $300,069,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in LYB. Rossby Financial LCC acquired a new position in LyondellBasell Industries in the first quarter worth approximately $25,000. JFS Wealth Advisors LLC grew its position in LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after buying an additional 310 shares during the last quarter. Investment Management Corp VA ADV grew its position in LyondellBasell Industries by 177.6% in the first quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 261 shares during the last quarter. Lazard Asset Management LLC grew its position in LyondellBasell Industries by 84.9% in the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after buying an additional 214 shares during the last quarter. Finally, TruNorth Capital Management LLC acquired a new position in LyondellBasell Industries in the first quarter worth approximately $42,000. Institutional investors and hedge funds own 71.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. BMO Capital Markets decreased their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a research note on Wednesday, August 6th. Argus lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Mizuho raised their price objective on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Finally, The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $63.08.

Insiders Place Their Bets

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $53.57, for a total value 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. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

LyondellBasell Industries Stock Performance

LYB traded up $1.4740 during trading on Wednesday, hitting $55.2940. The stock had a trading volume of 4,318,174 shares, compared to its average volume of 3,905,438. The firm has a market cap of $17.79 billion, a PE ratio of 71.81 and a beta of 0.85. LyondellBasell Industries N.V. has a 12 month low of $47.55 and a 12 month high of $99.36. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a 50 day simple moving average of $58.81 and a 200-day simple moving average of $63.12.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results 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). The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business's revenue was down 11.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.24 EPS. Analysts expect 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. Stockholders of record on Monday, August 25th will be issued a dividend of $1.37 per share. The ex-dividend date is Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 9.9%. LyondellBasell Industries's payout ratio is presently 711.69%.

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.